Asanko Gold Inc (NYSEMKT:AKG) (TSE:AKG) was downgraded by equities researchers at UBS AG from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday.

AKG has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Asanko Gold from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a research note on Wednesday, July 19th. Royal Bank Of Canada restated a “hold” rating and set a $1.75 target price on shares of Asanko Gold in a research note on Monday, October 23rd. Clarus Securities upgraded shares of Asanko Gold from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Raymond James Financial, Inc. restated an “outperform” rating on shares of Asanko Gold in a research note on Friday, August 4th. Finally, CIBC lowered shares of Asanko Gold from a “sector perform” rating to a “sector underperform” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Asanko Gold currently has an average rating of “Hold” and an average price target of $3.81.

Shares of Asanko Gold (NYSEMKT:AKG) opened at $0.96 on Tuesday. Asanko Gold has a one year low of $0.77 and a one year high of $3.90.

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Several hedge funds have recently bought and sold shares of AKG. Tudor Investment Corp ET AL purchased a new stake in shares of Asanko Gold during the second quarter worth approximately $138,000. Royal Bank of Canada raised its stake in shares of Asanko Gold by 37.9% during the second quarter. Royal Bank of Canada now owns 90,148 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 24,758 shares during the last quarter. KCG Holdings Inc. raised its stake in shares of Asanko Gold by 102.8% during the first quarter. KCG Holdings Inc. now owns 106,842 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 54,148 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Asanko Gold by 16.5% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 134,627 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 19,037 shares during the last quarter. Finally, Credit Suisse AG raised its stake in shares of Asanko Gold by 7.3% during the first quarter. Credit Suisse AG now owns 152,556 shares of the basic materials company’s stock worth $397,000 after purchasing an additional 10,377 shares during the last quarter.

Asanko Gold Company Profile

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 (NYSEMKT:AKG)

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