Shares of Asanko Gold Inc (NYSEMKT:AKG) (TSE:AKG) have been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $3.00.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Asanko Gold from a “sell” rating to a “buy” rating and set a $1.00 target price on the stock in a research report on Wednesday, October 4th. ValuEngine lowered shares of Asanko Gold from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Asanko Gold from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 12th. Scotiabank lowered shares of Asanko Gold from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, August 9th. Finally, CIBC lowered shares of Asanko Gold from a “sector perform” rating to a “sector underperform” rating in a research report on Friday, August 4th.

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Shares of Asanko Gold (NYSEMKT AKG) traded up 0.02% on Wednesday, reaching $1.00. 463,613 shares of the company traded hands. The company has a 50-day moving average of $1.07 and a 200-day moving average of $1.62. Asanko Gold has a 1-year low of $0.77 and a 1-year high of $4.17. The stock has a market capitalization of $203.45 million, a price-to-earnings ratio of 18.87 and a beta of 1.05.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Credit Suisse AG boosted its position in Asanko Gold by 7.3% during the first quarter. Credit Suisse AG now owns 152,556 shares of the basic materials company’s stock worth $397,000 after acquiring an additional 10,377 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Asanko Gold by 16.5% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 134,627 shares of the basic materials company’s stock worth $206,000 after acquiring an additional 19,037 shares during the last quarter. Sprott Inc. boosted its position in Asanko Gold by 0.5% during the second quarter. Sprott Inc. now owns 4,531,679 shares of the basic materials company’s stock worth $6,933,000 after acquiring an additional 21,898 shares during the last quarter. Royal Bank of Canada boosted its position in Asanko Gold by 37.9% during the second quarter. Royal Bank of Canada now owns 90,148 shares of the basic materials company’s stock worth $138,000 after acquiring an additional 24,758 shares during the last quarter. Finally, KCG Holdings Inc. boosted its position in Asanko Gold by 102.8% during the first quarter. KCG Holdings Inc. now owns 106,842 shares of the basic materials company’s stock worth $279,000 after acquiring an additional 54,148 shares during the last quarter.

About Asanko Gold

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)

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