Asanko Gold Inc (AKG) to Post FY2016 Earnings of $0.01 Per Share, Clarus Securities Forecasts
Asanko Gold Inc (TSE:AKG) – Investment analysts at Clarus Securities decreased their FY2016 earnings per share (EPS) estimates for shares of Asanko Gold in a report issued on Thursday. Clarus Securities analyst N. Sangmuah now expects that the brokerage will earn $0.01 per share for the year, down from their prior forecast of $0.06. Clarus Securities also issued estimates for Asanko Gold’s FY2017 earnings at $0.34 EPS and FY2018 earnings at $0.44 EPS.
A number of other analysts have also weighed in on AKG. Raymond James Financial Inc. raised their target price on Asanko Gold from C$5.00 to C$6.75 in a research note on Monday, June 27th. Canaccord Genuity raised their target price on Asanko Gold from C$6.00 to C$6.75 in a research note on Tuesday, July 12th. Scotiabank reiterated an “outperform” rating and issued a C$6.75 price objective on shares of Asanko Gold in a research report on Thursday, July 21st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$6.50 price objective on shares of Asanko Gold in a research report on Friday, September 16th.
Shares of Asanko Gold (TSE:AKG) opened at 4.79 on Monday. The stock has a 50 day moving average of $5.32 and a 200-day moving average of $4.82. Asanko Gold has a 52-week low of $1.77 and a 52-week high of $6.09. The stock’s market capitalization is $964.20 million.
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