Scotiabank Increases Asanko Gold Inc (AKG) Price Target to C$7.50
Asanko Gold Inc (TSE:AKG) had its price target lifted by equities researchers at Scotiabank from C$6.75 to C$7.50 in a report issued on Friday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 35.38% from the company’s current price.
Several other brokerages also recently issued reports on AKG. Canaccord Genuity upped their target price on shares of Asanko Gold from C$6.00 to C$6.75 in a research note on Tuesday, July 12th. Raymond James Financial Inc. upped their target price on shares of Asanko Gold from C$5.00 to C$6.75 in a research note on Monday, June 27th.
Asanko Gold (TSE:AKG) opened at 5.54 on Friday. Asanko Gold has a one year low of $1.77 and a one year high of $6.00. The company’s market capitalization is $1.12 billion. The firm has a 50-day moving average of $5.58 and a 200 day moving average of $4.55.
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