Brokerages Set Asanko Gold Inc (AKG) Price Target at $3.14
Shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) have been assigned an average rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$3.14.
A number of research analysts have issued reports on AKG shares. Scotiabank reissued an “outperform” rating and set a C$5.75 target price on shares of Asanko Gold in a research note on Thursday, April 27th. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a C$4.75 target price on shares of Asanko Gold in a research note on Tuesday, April 18th. CIBC reduced their target price on shares of Asanko Gold from C$4.50 to C$3.85 in a research note on Friday, May 5th. BMO Capital Markets reissued a “market perform” rating and set a C$3.00 target price on shares of Asanko Gold in a research note on Tuesday, June 13th. Finally, Royal Bank Of Canada reduced their target price on shares of Asanko Gold from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 12th.
Shares of Asanko Gold (AKG) remained flat at $1.11 on Friday. 4,092,219 shares of the stock were exchanged. The firm’s market cap is $225.83 million. Asanko Gold has a 52 week low of $0.99 and a 52 week high of $6.09. The stock has a 50-day moving average price of $1.89 and a 200-day moving average price of $3.11.
In related news, insider Trapani Fausto Di purchased 51,835 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were bought at an average cost of C$1.90 per share, for a total transaction of C$98,486.50. Also, Director William Keith Smart purchased 25,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were bought at an average price of C$1.94 per share, for a total transaction of C$48,500.00. Insiders have acquired a total of 276,835 shares of company stock worth $514,987 over the last 90 days.
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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