Asanko Gold Inc (AKG) Receives Consensus Rating of “Hold” from Brokerages

Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is C$2.01.

AKG has been the topic of several research reports. Royal Bank of Canada dropped 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 report on Monday, December 4th. Canaccord Genuity upped their price target on Asanko Gold from C$2.25 to C$2.50 in a research report on Friday, September 29th. Raymond James Financial lowered Asanko Gold from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$3.50 to C$3.00 in a research report on Tuesday, November 14th. Clarus Securities raised Asanko Gold from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$2.00 price target on shares of Asanko Gold in a research report on Friday, October 20th.

Asanko Gold (TSE AKG) traded down C$0.01 during mid-day trading on Friday, hitting C$1.13. The company had a trading volume of 245,182 shares, compared to its average volume of 916,429. The firm has a market cap of $230.68, a price-to-earnings ratio of 57.50 and a beta of -0.51. Asanko Gold has a twelve month low of C$0.55 and a twelve month high of C$5.02.

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) last posted its quarterly earnings results on Friday, November 3rd. The company reported C$0.03 earnings per share (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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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 (TSE:AKG)

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