Analysts Set Asanko Gold Inc (AKG) Price Target at $3.38
Asanko Gold Inc (NYSEMKT:AKG) (TSE:AKG) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $3.38.
AKG has been the topic of several recent analyst reports. Clarus Securities raised shares of Asanko Gold from a “hold” rating to a “buy” rating in a research note on Monday. Raymond James Financial, Inc. reissued an “outperform” rating on shares of Asanko Gold in a research note on Friday, August 4th. Scotiabank downgraded shares of Asanko Gold from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, August 9th. BidaskClub raised shares of Asanko Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 4th. Finally, Zacks Investment Research downgraded shares of Asanko Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th.
Several institutional investors have recently bought and sold shares of the company. AGF Investments Inc. grew its holdings in shares of Asanko Gold by 13.3% during the 3rd quarter. AGF Investments Inc. now owns 5,864,934 shares of the basic materials company’s stock valued at $5,546,000 after acquiring an additional 686,467 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Asanko Gold by 20.7% during the 3rd quarter. Donald Smith & CO. Inc. now owns 20,273,390 shares of the basic materials company’s stock valued at $19,327,000 after acquiring an additional 3,475,819 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in shares of Asanko Gold during the 3rd quarter valued at $161,000. BlueCrest Capital Management Ltd purchased a new position in shares of Asanko Gold during the 2nd quarter valued at $278,000. Finally, Royal Bank of Canada grew its holdings in shares of Asanko Gold by 37.9% during the 2nd quarter. Royal Bank of Canada now owns 90,148 shares of the basic materials company’s stock valued at $138,000 after acquiring an additional 24,758 shares in the last quarter.
Asanko Gold (NYSEMKT:AKG) traded down $0.04 during midday trading on Friday, hitting $0.98. The company’s stock had a trading volume of 789,070 shares, compared to its average volume of 560,951. Asanko Gold has a 52 week low of $0.77 and a 52 week high of $3.90.
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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.
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