Scotiabank reissued their outperform rating on shares of Asanko Gold Inc. (NYSEMKT:AKG) in a research note released on Friday. The firm currently has a $7.50 price objective on the stock, up from their previous price objective of $6.75.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity raised Asanko Gold from a hold rating to a buy rating in a research note on Monday, June 6th. Zacks Investment Research cut Asanko Gold from a hold rating to a sell rating in a research note on Tuesday, June 7th. Royal Bank Of Canada cut Asanko Gold from an outperform rating to a sector perform rating in a research note on Thursday, June 9th. Finally, BMO Capital Markets reissued an outperform rating and issued a $6.50 price objective on shares of Asanko Gold in a research note on Friday, September 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $4.53.

Shares of Asanko Gold (NYSEMKT:AKG) opened at 4.55 on Friday. Asanko Gold has a 1-year low of $1.27 and a 1-year high of $4.65. The company has a 50-day moving average price of $4.30 and a 200-day moving average price of $3.54. The company’s market cap is $915.89 million.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Asanko Gold by 74.4% in the second quarter. Van ECK Associates Corp now owns 29,834,897 shares of the company’s stock valued at $113,913,000 after buying an additional 12,731,272 shares in the last quarter. 1832 Asset Management L.P. boosted its position in Asanko Gold by 0.6% in the second quarter. 1832 Asset Management L.P. now owns 9,500,000 shares of the company’s stock valued at $60,339,000 after buying an additional 60,000 shares in the last quarter. Sprott Inc. boosted its position in Asanko Gold by 42.0% in the second quarter. Sprott Inc. now owns 7,166,746 shares of the company’s stock valued at $27,305,000 after buying an additional 2,120,117 shares in the last quarter. Fiera Capital Corp boosted its position in Asanko Gold by 49.3% in the second quarter. Fiera Capital Corp now owns 6,978,063 shares of the company’s stock valued at $26,560,000 after buying an additional 2,304,902 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Asanko Gold during the second quarter valued at $25,071,000.

About Asanko Gold

Asanko Gold Inc (Asanko) is an exploration and development-stage company. The Company is focused on advancing its principal project, the Asanko Gold Mine, to commercial production. The Company’s segment is the exploration and development of resource properties. In addition to its principal project, the Company holds a portfolio of other Ghanaian gold concessions in various stages of exploration.

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