Asanko Gold Inc (NYSEMKT:AKG) (TSE:AKG)‘s stock had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc. in a report issued on Tuesday.

A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Asanko Gold from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $1.75 price objective on shares of Asanko Gold in a report on Monday, October 23rd. Scotiabank lowered Asanko Gold from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, August 9th. BidaskClub raised Asanko Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, November 4th. Finally, ValuEngine lowered Asanko Gold from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $3.81.

Asanko Gold (NYSEMKT AKG) traded down $0.12 during trading on Tuesday, hitting $0.84. The stock had a trading volume of 886,900 shares, compared to its average volume of 563,822. Asanko Gold has a twelve month low of $0.77 and a twelve month high of $3.90.

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Large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new stake in shares of Asanko Gold in the second quarter valued at $138,000. Royal Bank of Canada lifted its position in shares of Asanko Gold by 37.9% in the second quarter. Royal Bank of Canada now owns 90,148 shares of the basic materials company’s stock valued at $138,000 after acquiring an additional 24,758 shares in the last quarter. KCG Holdings Inc. lifted its position in shares of Asanko Gold by 102.8% in the first quarter. KCG Holdings Inc. now owns 106,842 shares of the basic materials company’s stock valued at $279,000 after acquiring an additional 54,148 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Asanko Gold by 16.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 134,627 shares of the basic materials company’s stock valued at $206,000 after acquiring an additional 19,037 shares in the last quarter. Finally, Credit Suisse AG lifted its position in shares of Asanko Gold by 7.3% in the first quarter. Credit Suisse AG now owns 152,556 shares of the basic materials company’s stock valued at $397,000 after acquiring an additional 10,377 shares in the last quarter.

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.

Analyst Recommendations for Asanko Gold (NYSEMKT:AKG)

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