Shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) have received an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$2.48.

A number of analysts have commented on AKG shares. Royal Bank Of Canada cut their price target on shares of 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. Canaccord Genuity increased their price target on shares of Asanko Gold from C$2.25 to C$2.50 in a research note on Friday, September 29th. Clarus Securities cut shares of Asanko Gold from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Raymond James Financial, Inc. upgraded shares of Asanko Gold from an “outperform” rating to a “strong-buy” rating and cut their price target for the company from C$4.40 to C$3.50 in a research note on Friday, August 4th. Finally, Scotiabank cut their price target on shares of Asanko Gold from C$4.00 to C$2.00 and set a “sector perform” rating for the company in a research note on Friday, August 4th.

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Shares of Asanko Gold (TSE AKG) traded down 0.81% on Wednesday, reaching $1.23. 95,355 shares of the company traded hands. The stock has a market cap of $250.24 million and a price-to-earnings ratio of 23.21. Asanko Gold has a 52-week low of $0.99 and a 52-week high of $5.47. The stock has a 50 day moving average of $1.27 and a 200 day moving average of $1.99.

In related news, Director Groot Marcel H. De acquired 40,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were bought at an average cost of C$1.49 per share, with a total value of C$59,600.00.

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 (TSE:AKG)

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