Asanko Gold (AKG) Trading Up 0%
Shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) were up 0% during mid-day trading on Wednesday . The company traded as high as C$0.90 and last traded at C$0.89. Approximately 506,395 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 820,845 shares. The stock had previously closed at C$0.89.
A number of analysts have issued reports on AKG shares. Royal Bank of Canada cut their target price on Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating for the company in a research note on Monday, December 4th. Canaccord Genuity raised their target price on Asanko Gold from C$2.25 to C$2.50 in a research note on Friday, September 29th. Raymond James Financial downgraded Asanko Gold from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$3.50 to C$3.00 in a research note on Tuesday, November 14th. Clarus Securities upgraded Asanko Gold from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$2.00 price target on shares of Asanko Gold in a report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of C$1.98.
The stock has a market capitalization of $174.97, a price-to-earnings ratio of 43.00 and a beta of -0.51.
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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