Canaccord Genuity Raises Asanko Gold (AKG) Price Target to C$1.20

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) had its target price upped by Canaccord Genuity from C$1.00 to C$1.20 in a research report issued to clients and investors on Friday. Canaccord Genuity’s price target suggests a potential upside of 8.11% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Clarus Securities raised Asanko Gold from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Raymond James Financial lowered Asanko Gold from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$3.50 to C$3.00 in a research note on Tuesday, November 14th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$2.00 price target on shares of Asanko Gold in a research note on Friday, October 20th. Finally, Royal Bank of Canada decreased their price target on Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating on the stock in a research note on Monday, December 4th. Six equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of C$2.01.

Shares of Asanko Gold (TSE AKG) traded down C$0.03 during trading hours on Friday, reaching C$1.11. The company’s stock had a trading volume of 2,310,778 shares, compared to its average volume of 972,377. Asanko Gold has a 12 month low of C$0.55 and a 12 month high of C$5.07. The stock has a market cap of $225.50, a PE ratio of 55.50 and a beta of -0.51.

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) last announced its quarterly earnings results on Friday, November 3rd. The company reported C$0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.01 by C$0.02. Asanko Gold had a return on equity of 0.64% and a net margin of 2.11%.

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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 (TSE:AKG)

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