Asanko Gold Inc (TSE:AKG) Price Target Lowered to C$2.50 at Royal Bank Of Canada
Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) had its target price reduced by Royal Bank Of Canada from C$3.00 to C$2.50 in a research report report published on Thursday morning. They currently have a sector perform rating on the stock.
Other analysts have also recently issued research reports about the company. Scotiabank reaffirmed an outperform rating and issued a C$5.75 price target on shares of Asanko Gold in a report on Wednesday, April 19th. BMO Capital Markets reaffirmed a market perform rating and issued a C$3.00 price target on shares of Asanko Gold in a report on Tuesday, June 13th. CIBC lowered their price target on Asanko Gold from C$3.85 to C$2.85 in a report on Tuesday, June 6th. Finally, Raymond James Financial, Inc. reaffirmed a strong-buy rating and issued a C$4.75 price target on shares of Asanko Gold in a report on Tuesday, April 18th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Asanko Gold currently has a consensus rating of Buy and a consensus target price of C$3.68.
Asanko Gold (AKG) opened at 1.58 on Thursday. Asanko Gold has a 52-week low of $1.57 and a 52-week high of $6.09. The company’s market cap is $321.45 million. The firm has a 50-day moving average price of $1.92 and a 200-day moving average price of $3.19.
In other news, insider Trapani Fausto Di acquired 51,835 shares of Asanko Gold stock in a transaction dated Tuesday, June 20th. The shares were purchased at an average cost of C$1.90 per share, for a total transaction of C$98,486.50. Also, Director Colin Steyn acquired 200,000 shares of Asanko Gold stock in a transaction dated Tuesday, June 20th. The shares were purchased at an average price of C$1.84 per share, for a total transaction of C$368,000.00. Insiders have bought a total of 276,835 shares of company stock worth $514,987 over 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.
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