Asanko Gold Inc (AKG) Given Outperform Rating at Scotiabank
Asanko Gold Inc (TSE:AKG)‘s stock had its “outperform” rating restated by Scotiabank in a note issued to investors on Friday. They presently have a C$7.50 price target on the stock. Scotiabank’s price target indicates a potential upside of 56.58% from the company’s previous close.
AKG has been the topic of several other research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a C$6.50 price objective on shares of Asanko Gold in a research note on Friday, September 16th. Canaccord Genuity lifted their price target on Asanko Gold from C$6.00 to C$6.75 in a research note on Tuesday, July 12th. Finally, Raymond James Financial Inc. lifted their price target on Asanko Gold from C$5.00 to C$6.75 in a research note on Monday, June 27th.
Asanko Gold (TSE:AKG) traded down 5.15% during mid-day trading on Friday, hitting $4.79. The stock had a trading volume of 765,460 shares. The company’s market capitalization is $964.20 million. Asanko Gold has a 52 week low of $1.77 and a 52 week high of $6.09. The stock’s 50-day moving average is $5.34 and its 200 day moving average is $4.80.
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