Asanko Gold Inc. (AKG) Receives C$1.98 Consensus Price Target from Analysts
Shares of Asanko Gold Inc. (TSE:AKG) (NYSEMKT:AKG) have earned an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have covered the stock in the last year is C$1.98.
A number of equities analysts have issued reports on the stock. Canaccord Genuity lifted their target price on shares of Asanko Gold from C$2.25 to C$2.50 in a research report on Friday, September 29th. Royal Bank Of Canada cut their price objective on shares of Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating for the company in a research report on Monday, December 4th. Clarus Securities raised shares of Asanko Gold from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Raymond James Financial lowered shares of Asanko Gold from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$3.50 to C$3.00 in a research report on Tuesday, November 14th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$2.00 price objective on shares of Asanko Gold in a research report on Friday, October 20th.
Shares of Asanko Gold (TSE AKG) traded down C$0.08 on Thursday, reaching C$0.65. 2,110,000 shares of the company’s stock were exchanged, compared to its average volume of 1,130,000. Asanko Gold has a one year low of C$0.65 and a one year high of C$5.07.
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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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