Clarus Securities Comments on Asanko Gold Inc’s FY2018 Earnings (AKG)
Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) – Stock analysts at Clarus Securities dropped their FY2018 earnings per share estimates for Asanko Gold in a research note issued on Friday. Clarus Securities analyst N. Sangmuah now anticipates that the company will post earnings per share of $0.11 for the year, down from their previous estimate of $0.19. Clarus Securities currently has a “Hold” rating on the stock. Clarus Securities also issued estimates for Asanko Gold’s FY2019 earnings at $0.11 EPS.
A number of other equities research analysts have also recently commented on AKG. Scotiabank reduced their price target on shares of Asanko Gold from C$4.00 to C$2.00 and set a “sector perform” rating for the company in a report on Friday. Raymond James Financial, Inc. upgraded shares of Asanko Gold from an “outperform” rating to a “strong-buy” rating and reduced their price target for the stock from C$4.40 to C$3.50 in a report on Friday. Royal Bank Of Canada reduced their price target on shares of Asanko Gold from C$5.00 to C$4.75 and set a “sector perform” rating for the company in a report on Wednesday, April 19th. CIBC reduced their price target on shares of Asanko Gold from C$3.85 to C$2.85 in a report on Tuesday, June 6th. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$3.00 price target on shares of Asanko Gold in a report on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$3.14.
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Asanko Gold (TSE AKG) opened at 1.11 on Monday. The stock has a 50 day moving average of $1.89 and a 200 day moving average of $3.11. The firm’s market cap is $225.83 million. Asanko Gold has a one year low of $0.99 and a one year high of $6.09.
In other Asanko Gold news, Director William Keith Smart acquired 25,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were purchased at an average cost of C$1.94 per share, with a total value of C$48,500.00. Also, insider Trapani Fausto Di acquired 51,835 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was acquired at an average cost of C$1.90 per share, for a total transaction of C$98,486.50. Insiders acquired 276,835 shares of company stock valued at $514,987 over the last 90 days.
About Asanko Gold
Asanko Gold Inc engages in the exploration, development, and production of gold properties. Its principal project is the Asanko Gold Mine, which consists of two gold projects, such as the Obotan Project and the Esaase Project located in the Amansie West District of the Republic of Ghana, West Africa.
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