Asanko Gold Inc (TSE:AKG) (NYSE:AKG)‘s stock had its “outperform” rating reissued by stock analysts at Scotiabank in a report released on Friday. They currently have a C$6.00 price objective on the stock. Scotiabank’s price target points to a potential upside of 70.94% from the stock’s previous close.

Several other brokerages also recently weighed in on AKG. Raymond James Financial, Inc. dropped their target price on shares of Asanko Gold from C$6.75 to C$4.75 in a report on Thursday, December 22nd. Canaccord Genuity raised shares of Asanko Gold from a “hold” rating to a “buy” rating and dropped their target price for the stock from C$5.50 to C$5.00 in a report on Monday, February 27th. Finally, BMO Capital Markets dropped their target price on shares of Asanko Gold from C$5.00 to C$4.50 in a report on Friday.

Asanko Gold (TSE:AKG) opened at 3.51 on Friday. The company’s market capitalization is $708.42 million. Asanko Gold has a 12-month low of $2.66 and a 12-month high of $6.09. The stock has a 50 day moving average price of $3.91 and a 200-day moving average price of $4.60.

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About Asanko Gold

Asanko Gold Inc (Asanko) is an exploration and development-stage company. The Company is focused on advancing its principal project, the Asanko Gold Mine, to commercial production. The Company’s segment is the exploration and development of resource properties. In addition to its principal project, the Company holds a portfolio of other Ghanaian gold concessions in various stages of exploration.

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