Is Semafo the next gold takeout target?

Globe and Mail columnist Darcy Keith says the stock is undervalued and the company is showing robust resource estimates coming out of its Mana and Samira Hill projects in west Africa:

If you’re placing bets on who may be the next company to be snapped up, Desjardins Securities Inc. analyst Brian Christie suggests considering Semafo Inc. (SMF-T8.830.424.99%), which this week reported earnings and cash flow in line with Street expectations.