Royal Bank Of Canada Lowers Asanko Gold (AKG) Price Target to C$1.00
Asanko Gold (TSE:AKG) (NYSEMKT:AKG) had its price target reduced by stock analysts at Royal Bank Of Canada from C$1.75 to C$1.00 in a report released on Monday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 26.58% from the stock’s previous close.
AKG has been the subject of a number of other research reports. Canaccord Genuity upped their price objective on shares of Asanko Gold from C$2.25 to C$2.50 in a research report on Friday, September 29th. Raymond James Financial downgraded shares of Asanko Gold from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$3.50 to C$3.00 in a research report on Tuesday, November 14th. Clarus Securities upgraded shares of Asanko Gold from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Finally, BMO Capital Markets reiterated 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. Six investment analysts have rated the stock with a hold rating, Asanko Gold currently has an average rating of “Hold” and a consensus price target of C$1.98.
Asanko Gold (TSE AKG) opened at C$0.79 on Monday. Asanko Gold has a 1 year low of C$0.78 and a 1 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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