Asanko Gold Inc (NYSEMKT:AKG) (TSE:AKG) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

Several other research analysts have also recently issued reports on AKG. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Asanko Gold in a report on Friday, August 4th. Scotiabank cut shares of Asanko Gold from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Asanko Gold from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. CIBC cut shares of Asanko Gold from a “sector perform” rating to a “sector underperform” rating in a report on Friday, August 4th. Finally, Clarus Securities cut shares of Asanko Gold from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Asanko Gold has an average rating of “Hold” and a consensus target price of $3.81.

Asanko Gold (AKG) opened at $1.01 on Friday. Asanko Gold has a 1-year low of $0.77 and a 1-year high of $4.01.

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Hedge funds have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL purchased a new stake in shares of Asanko Gold during the second quarter valued at about $138,000. Royal Bank of Canada lifted its position in shares of 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 valued at $138,000 after buying an additional 24,758 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Asanko Gold during the third quarter valued at about $161,000. Commerzbank Aktiengesellschaft FI lifted its position in shares of Asanko Gold by 16.5% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 134,627 shares of the basic materials company’s stock valued at $206,000 after buying an additional 19,037 shares during the last quarter. Finally, Virtu KCG Holdings LLC lifted its position in shares of Asanko Gold by 67.1% during the second quarter. Virtu KCG Holdings LLC now owns 178,530 shares of the basic materials company’s stock valued at $273,000 after buying an additional 71,688 shares during 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)

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