FY2018 EPS Estimates for Asanko Gold Inc (AKG) Decreased by Clarus Securities

Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) – Equities researchers at Clarus Securities decreased their FY2018 EPS estimates for shares of Asanko Gold in a research report issued to clients and investors on Thursday. Clarus Securities analyst N. Sangmuah now anticipates that the company will earn $0.02 per share for the year, down from their prior estimate of $0.03. Clarus Securities has a “Hold” rating on the stock. Clarus Securities also issued estimates for Asanko Gold’s FY2019 earnings at $0.11 EPS.

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) last posted its quarterly earnings data on Friday, November 3rd. The company reported C$0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.01 by C$0.02. Asanko Gold had a net margin of 2.11% and a return on equity of 0.64%.

AKG has been the topic of a number of other reports. Royal Bank of Canada reduced their target price on shares of Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating on the stock in a research report on Monday, December 4th. Canaccord Genuity raised their target price on shares of Asanko Gold from C$2.25 to C$2.50 in a research report on Friday, September 29th. Raymond James Financial lowered shares of Asanko Gold from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$3.50 to C$3.00 in a research report on Tuesday, November 14th. Finally, BMO Capital Markets reaffirmed 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. Six analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of C$2.01.

Shares of Asanko Gold (TSE AKG) opened at C$1.11 on Monday. Asanko Gold has a 1 year low of C$0.55 and a 1 year high of C$5.07. The firm has a market cap of $225.50, a PE ratio of 55.50 and a beta of -0.51.

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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.

Earnings History and Estimates for Asanko Gold (TSE:AKG)

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