Asanko Gold Inc (NYSEMKT:AKG) (TSE:AKG) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $5.00.

A number of research firms recently weighed in on AKG. Clarus Securities lowered shares of Asanko Gold from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. CIBC lowered shares of Asanko Gold from a “sector perform” rating to a “sector underperform” rating in a research report on Friday, August 4th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Asanko Gold in a research report on Friday, August 4th. BidaskClub lowered shares of Asanko Gold from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research upgraded shares of Asanko Gold from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a research report on Wednesday, July 19th.

COPYRIGHT VIOLATION WARNING: “Asanko Gold Inc (AKG) Given Average Rating of “Hold” by Brokerages” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/16/asanko-gold-inc-akg-given-average-rating-of-hold-by-brokerages.html.

Asanko Gold (NYSEMKT AKG) traded up 0.95% during trading on Friday, hitting $1.06. 2,337,730 shares of the company traded hands. The company’s 50-day moving average is $1.05 and its 200 day moving average is $1.82. The firm has a market cap of $215.66 million, a price-to-earnings ratio of 20.00 and a beta of 1.05. Asanko Gold has a 52-week low of $0.78 and a 52-week high of $4.68.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in shares of Asanko Gold by 11.4% during the 1st quarter. Van ECK Associates Corp now owns 41,652,253 shares of the basic materials company’s stock worth $108,729,000 after purchasing an additional 4,276,240 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Asanko Gold by 480.2% during the 2nd quarter. Donald Smith & CO. Inc. now owns 16,797,571 shares of the basic materials company’s stock worth $25,700,000 after purchasing an additional 13,902,657 shares in the last quarter. AGF Investments Inc. boosted its position in shares of Asanko Gold by 7.1% during the 2nd quarter. AGF Investments Inc. now owns 5,178,467 shares of the basic materials company’s stock worth $7,951,000 after purchasing an additional 345,165 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Asanko Gold by 20.4% during the 1st quarter. OppenheimerFunds Inc. now owns 4,960,000 shares of the basic materials company’s stock worth $13,017,000 after purchasing an additional 840,000 shares in the last quarter. Finally, Sprott Inc. boosted its position in shares of Asanko Gold by 0.5% during the 2nd quarter. Sprott Inc. now owns 4,531,679 shares of the basic materials company’s stock worth $6,933,000 after purchasing an additional 21,898 shares in the last quarter.

Asanko Gold Company Profile

Asanko Gold Inc is a gold producer. The Company has operations in the Republic of Ghana. The Company’s segments include Canada and Ghana. The Company’s principal asset is the Asanko Gold Mine (AGM) located in Ghana, West Africa. The Company’s Project 5M will upgrade the plant’s throughput to five metric tons per annum and expand mining operations to integrate the Esaase deposit, including the construction of a 27-kilometer overland conveyor.

Analyst Recommendations for Asanko Gold (NYSEMKT:AKG)

Receive News & Ratings for Asanko Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asanko Gold Inc and related companies with MarketBeat.com's FREE daily email newsletter.