Asanko Gold Inc. (AKG) Receives Average Recommendation of “Hold” from Analysts
Asanko Gold Inc. (TSE:AKG) (NYSEMKT:AKG) has been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is C$1.98.
Several equities research analysts recently commented on the stock. Royal Bank Of Canada cut their target price on shares of Asanko Gold from C$2.50 to C$2.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 31st. BMO Capital Markets reiterated a “market perform” rating and set a C$2.00 target price on shares of Asanko Gold in a research report on Friday, October 20th. Canaccord Genuity downgraded shares of Asanko Gold from a “buy” rating to a “hold” rating and cut their target price for the stock from C$2.50 to C$1.00 in a research report on Monday, November 20th. Raymond James Financial downgraded shares of Asanko Gold from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$3.50 to C$3.00 in a research report on Tuesday, November 14th. Finally, Clarus Securities downgraded shares of Asanko Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th.
Asanko Gold (TSE:AKG) remained flat at $C$0.79 on Thursday. 389,325 shares of the company traded hands, compared to its average volume of 1,247,600. Asanko Gold has a one year low of C$0.76 and a one year high of C$5.07.
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.
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