Cormark Comments on Asanko Gold Inc’s Q4 2016 Earnings (AKG)
Asanko Gold Inc (TSE:AKG) – Cormark raised their Q4 2016 earnings per share estimates for Asanko Gold in a research report issued on Friday. Cormark analyst T. Breytenbach now forecasts that the firm will post earnings of $0.15 per share for the quarter, up from their previous estimate of $0.12.
Other equities analysts have also recently issued reports about the stock. Canaccord Genuity raised their target price on shares of Asanko Gold from C$6.00 to C$6.75 in a research note on Tuesday, July 12th. Raymond James Financial Inc. raised their target price on shares of Asanko Gold from C$5.00 to C$6.75 in a research note on Monday, June 27th. Scotiabank reissued an “outperform” rating and issued a C$7.50 target price on shares of Asanko Gold in a research note on Friday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$6.50 target price on shares of Asanko Gold in a research note 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 12-month low of $1.77 and a 12-month high of $6.09. The company’s market cap is $964.20 million.
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