Semafo Inc

SMF-T

TSE:SMF

2.51
0.13 (5.46%)
SEMAFO Inc. is a Canadian-based mining company with gold production and exploration activities in West Africa.
More at Wikipedia

Analysis and Opinions about SMF-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
March 4, 2019
A producer in West Africa. They went from cash burn to cash build. They now have two assets, not one. That will attract new investors and could cause a re-rating. (Analysts’ price target is $5.19)
Semafo Inc (SMF-T)
March 4, 2019
A producer in West Africa. They went from cash burn to cash build. They now have two assets, not one. That will attract new investors and could cause a re-rating. (Analysts’ price target is $5.19)
Jon Case
Portfolio Manager, Sentry Investments
Price
$3.760
Owned
Yes
COMMENT
COMMENT
May 10, 2018

You have seen the price of gold starting to stabilize and then a number of gold companies have started to outperform, on a technical basis, the price of gold.

Semafo Inc (SMF-T)
May 10, 2018

You have seen the price of gold starting to stabilize and then a number of gold companies have started to outperform, on a technical basis, the price of gold.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$3.770
Owned
Unknown
HOLD
HOLD
August 25, 2017

It is a gold producer and so has seasonal strength right now. Last year was phenomenal. Seasonal strength is mid-July until at least the beginning of October, when you will want to take profits.

Semafo Inc (SMF-T)
August 25, 2017

It is a gold producer and so has seasonal strength right now. Last year was phenomenal. Seasonal strength is mid-July until at least the beginning of October, when you will want to take profits.

Don Vialoux
Research Analyst, TimingTheMarket.CA & EquityClock.COM
Price
$3.430
Owned
Unknown
COMMENT
COMMENT
March 6, 2017

Located in Burkina Faso. Because gold is $1250, it is going to be volatile, and he is not really looking at producers, he is looking at guys that find quality assets to feed the next cycle.

Semafo Inc (SMF-T)
March 6, 2017

Located in Burkina Faso. Because gold is $1250, it is going to be volatile, and he is not really looking at producers, he is looking at guys that find quality assets to feed the next cycle.

Joe Mazumdar
Editor & Analyst, Exploration Insights
Price
$3.770
Owned
No
HOLD
HOLD
December 5, 2016

(Market Call Minute.) This is a Hold, but it is getting to his Buy point.

Semafo Inc (SMF-T)
December 5, 2016

(Market Call Minute.) This is a Hold, but it is getting to his Buy point.

Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$4.120
Owned
Unknown
SELL
SELL
September 12, 2016

They have good assets. He sold recently with the threat of increasing interest rates. He feels gold is going to soften here. Gold holdings have been increasing dramatically this year. We are not seeing a lot of inflation right now.

Semafo Inc (SMF-T)
September 12, 2016

They have good assets. He sold recently with the threat of increasing interest rates. He feels gold is going to soften here. Gold holdings have been increasing dramatically this year. We are not seeing a lot of inflation right now.

Craig Porter
Senior Portfolio Manager, LOGiQ Asset Management
Price
$6.150
Owned
No
COMMENT
COMMENT
July 26, 2016

One of the lower cost producers in gold, with all-in costs at about $900 an ounce and cash costs about $600-$700. It screens well when you look at the margins and the cost of production. Trading at about 1.3X NAV, which is roughly in line with where African producers are trading. Average value and above average assets. The real selling point would be free cash flow. Looking at all the metrics it looks like it is one of the standouts in the West African producers space.

Semafo Inc (SMF-T)
July 26, 2016

One of the lower cost producers in gold, with all-in costs at about $900 an ounce and cash costs about $600-$700. It screens well when you look at the margins and the cost of production. Trading at about 1.3X NAV, which is roughly in line with where African producers are trading. Average value and above average assets. The real selling point would be free cash flow. Looking at all the metrics it looks like it is one of the standouts in the West African producers space.

Jon Case
Portfolio Manager, Sentry Investments
Price
$6.240
Owned
Yes
PARTIAL BUY
PARTIAL BUY
August 5, 2014

One of his Top 10 holdings now. Thinks they are doing the right things. Tried to expand too fast and were cutting some corners. Brought in new management which seems to be doing the right things. Now getting into a bit of a sweet spot, their Siou mine which they are operating. On a long term basis, this mine is going to continue to operate well. Have a large land package, which ultimately they can continue to look forward to. If you want to own, Buy a little bit now and, if there is a pullback, add to it.

Semafo Inc (SMF-T)
August 5, 2014

One of his Top 10 holdings now. Thinks they are doing the right things. Tried to expand too fast and were cutting some corners. Brought in new management which seems to be doing the right things. Now getting into a bit of a sweet spot, their Siou mine which they are operating. On a long term basis, this mine is going to continue to operate well. Have a large land package, which ultimately they can continue to look forward to. If you want to own, Buy a little bit now and, if there is a pullback, add to it.

Charles Oliver, HBSc CFA
Senior Portfolio Manager, Sprott Asset Management Inc.
Price
$4.630
Owned
Yes
COMMENT
COMMENT
May 30, 2014

Produces about 200,000 ounces a year out of Burkina Faso. One of the best mines in West Africa. Recently discovered a new zone called the CU zone, which has 1 million ounces of much higher grade gold and will add 5 years of mine life. When they get into that zone we will see free cash flow rise, production go up and costs go down. Q1 disappointed a little. As they get into the new asset, and as CU comes on line midyear, you will see the financial results start to improve, and the share price should rise as a result. Trading around fair value of $3.25-$3.50. He trimmed some of his position at $4, but at this price he is not trimming any more.

Semafo Inc (SMF-T)
May 30, 2014

Produces about 200,000 ounces a year out of Burkina Faso. One of the best mines in West Africa. Recently discovered a new zone called the CU zone, which has 1 million ounces of much higher grade gold and will add 5 years of mine life. When they get into that zone we will see free cash flow rise, production go up and costs go down. Q1 disappointed a little. As they get into the new asset, and as CU comes on line midyear, you will see the financial results start to improve, and the share price should rise as a result. Trading around fair value of $3.25-$3.50. He trimmed some of his position at $4, but at this price he is not trimming any more.

Jon Case
Portfolio Manager, Sentry Investments
Price
$3.570
Owned
Yes
DON'T BUY
DON'T BUY
May 2, 2014

(Market Call Minute.) To him this has 2 strikes against it. Gold and Africa.

Semafo Inc (SMF-T)
May 2, 2014

(Market Call Minute.) To him this has 2 strikes against it. Gold and Africa.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$4.090
Owned
No
WEAK BUY
WEAK BUY
March 31, 2014

Looks quite good against West African Companies. Prefers B2 Gold.

Semafo Inc (SMF-T)
March 31, 2014

Looks quite good against West African Companies. Prefers B2 Gold.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$3.900
Owned
Unknown
COMMENT
COMMENT
January 27, 2014

(Market Call Minute) Hopes it buys ROX Gold.

Semafo Inc (SMF-T)
January 27, 2014

(Market Call Minute) Hopes it buys ROX Gold.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$3.660
Owned
No
WEAK BUY
WEAK BUY
January 20, 2014

Problem is that it is in Africa. You have to consider the political situation. Stock has started a new up leg and may very well do what the others are doing. But the base building was so short that it might support a move only toward $4.

Semafo Inc (SMF-T)
January 20, 2014

Problem is that it is in Africa. You have to consider the political situation. Stock has started a new up leg and may very well do what the others are doing. But the base building was so short that it might support a move only toward $4.

Ron Meisels
President, P & C Holdings
Price
$3.640
Owned
Unknown
COMMENT
COMMENT
December 11, 2013

Sold his holdings a few years ago when he thought it got expensive. Started looking at this again and has built up a very big position. New management looks a lot more prudent and conservative. Have a new development program in Siou, Burkina Faso. Regarding geopolitical risks, he likes to diversify his portfolios because you can get surprised by events. Currently he is comfortable with this country.

Semafo Inc (SMF-T)
December 11, 2013

Sold his holdings a few years ago when he thought it got expensive. Started looking at this again and has built up a very big position. New management looks a lot more prudent and conservative. Have a new development program in Siou, Burkina Faso. Regarding geopolitical risks, he likes to diversify his portfolios because you can get surprised by events. Currently he is comfortable with this country.

Charles Oliver, HBSc CFA
Senior Portfolio Manager, Sprott Asset Management Inc.
Price
$2.540
Owned
Yes
HOLD
HOLD
September 13, 2013

Had been one of the great stories in the last 2-3 years however, they ran into a development issue because part of the ore they were working with was refractory so costs skyrocketed. In the last year they have discovered a very high-grade pot that they can actually use to blend with the current operations. This would increase the valuation and cash flow somewhat. 2% dividend.

Semafo Inc (SMF-T)
September 13, 2013

Had been one of the great stories in the last 2-3 years however, they ran into a development issue because part of the ore they were working with was refractory so costs skyrocketed. In the last year they have discovered a very high-grade pot that they can actually use to blend with the current operations. This would increase the valuation and cash flow somewhat. 2% dividend.

Alice Tsang
Portfolio Manager, Marquest Asset Management
Price
$1.930
Owned
Unknown
Showing 1 to 15 of 69 entries