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Asanko Gold (NYSE:AKG) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.

A number of other firms have also recently commented on AKG. Analysts at CIBC reiterated a “sector perform” rating on shares of Asanko Gold in a research note to investors on Wednesday, December 18th. Separately, analysts at RBC Capital raised their price target on shares of Asanko Gold from C$2.40 to C$2.50 in a research note to investors on Wednesday, December 18th. They now have a “sector perform” rating on the stock. Finally, analysts at Scotiabank initiated coverage on shares of Asanko Gold in a research note to investors on Wednesday, December 18th. They set a “sector perform” rating and a C$3.25 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.25.

Asanko Gold (NYSE:AKG) traded up 3.57% during mid-day trading on Monday, hitting $2.03. 205,667 shares of the company’s stock traded hands. Asanko Gold has a 52-week low of $1.55 and a 52-week high of $3.65. The stock has a 50-day moving average of $1.69 and a 200-day moving average of $2.24. The company’s market cap is $172.7 million.

Asanko Gold Inc formerly Keegan Resources Inc (NYSE:AKG) is a natural resource company engaged in the acquisition and exploration of mineral resources in West Ghana.

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