Asanko Gold Inc (AKG) Price Target Cut to C$2.00
Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) had its price objective cut by Scotiabank from C$4.00 to C$2.00 in a report released on Friday morning. They currently have a sector perform rating on the stock.
Other analysts also recently issued research reports about the stock. BMO Capital Markets reissued a market perform rating and set a C$3.00 price target on shares of Asanko Gold in a research report on Tuesday, June 13th. Royal Bank Of Canada decreased their price target on shares of Asanko Gold from C$5.00 to C$4.75 and set a sector perform rating for the company in a research report on Wednesday, April 19th. Raymond James Financial, Inc. reissued a strong-buy rating and set a C$4.75 price target on shares of Asanko Gold in a research report on Tuesday, April 18th. Finally, CIBC decreased their price target on shares of Asanko Gold from C$3.85 to C$2.85 in a research report on Tuesday, June 6th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Asanko Gold presently has an average rating of Buy and an average price target of C$3.14.
Shares of Asanko Gold (TSE AKG) opened at 1.11 on Friday. Asanko Gold has a 12 month low of $0.99 and a 12 month high of $6.09. The stock’s market cap is $225.83 million. The stock’s 50 day moving average is $1.89 and its 200 day moving average is $3.11.
In related news, Director Colin Steyn purchased 200,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was acquired at an average price of C$1.84 per share, with a total value of C$368,000.00. Also, Director William Keith Smart purchased 25,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were bought at an average cost of C$1.94 per share, with a total value of C$48,500.00. Insiders have bought 276,835 shares of company stock valued at $514,987 in the last three months.
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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