Asanko Gold Inc (TSE:AKG) Raised to “Strong-Buy” at Raymond James Financial, Inc.
Raymond James Financial, Inc. upgraded shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) from an outperform rating to a strong-buy rating in a report published on Friday morning. They currently have C$3.50 target price on the stock, down from their previous target price of C$4.40.
Several other analysts have also recently issued reports on the company. Royal Bank Of Canada dropped their target price on Asanko Gold from C$3.00 to C$2.50 and set a sector perform rating on the stock in a research report on Thursday, July 27th. Scotiabank reiterated an outperform rating and set a C$4.00 price objective on shares of Asanko Gold in a report on Wednesday, June 14th. BMO Capital Markets reiterated a market perform rating and set a C$3.00 price objective on shares of Asanko Gold in a report on Tuesday, June 13th. Finally, CIBC decreased their price objective on Asanko Gold from C$3.85 to C$2.85 in a report on Tuesday, June 6th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Asanko Gold currently has a consensus rating of Buy and a consensus target price of C$3.14.
Asanko Gold (TSE AKG) opened at 1.11 on Friday. The stock’s market cap is $225.83 million. The stock has a 50 day moving average price of $1.89 and a 200 day moving average price of $3.11. Asanko Gold has a 1-year low of $0.99 and a 1-year high of $6.09.
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In other Asanko Gold news, Director Colin Steyn acquired 200,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was purchased at an average price of C$1.84 per share, for a total transaction of C$368,000.00. Also, Director William Keith Smart acquired 25,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were acquired at an average price of C$1.94 per share, with a total value of C$48,500.00. In the last quarter, insiders have bought 276,835 shares of company stock valued at $514,987.
Asanko Gold Company Profile
Asanko Gold Inc engages in the exploration, development, and production of gold properties. Its principal project is the Asanko Gold Mine, which consists of two gold projects, such as the Obotan Project and the Esaase Project located in the Amansie West District of the Republic of Ghana, West Africa.
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