Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) shares reached a new 52-week low on Wednesday . The stock traded as low as C$0.88 and last traded at C$0.89, with a volume of 1558645 shares. The stock had previously closed at C$0.98.

Several research analysts have recently weighed in on AKG shares. Royal Bank Of Canada decreased their price target on Asanko Gold from C$2.50 to C$2.00 and set a “sector perform” rating for the company in a research note on Thursday, August 31st. BMO Capital Markets restated a “market perform” rating and issued a C$2.00 price target on shares of Asanko Gold in a research note on Friday, October 20th. Clarus Securities cut Asanko Gold from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Raymond James Financial, Inc. upgraded Asanko Gold from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from C$4.40 to C$3.50 in a research note on Friday, August 4th. Finally, Scotiabank cut their price objective on Asanko Gold from C$4.00 to C$2.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. Six analysts have rated the stock with a hold rating, Asanko Gold has an average rating of “Hold” and an average price target of C$2.14.

In other news, Director Groot Marcel H. De acquired 40,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was bought at an average price of C$1.49 per share, with a total value of C$59,600.00.

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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.

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