Asanko Gold Inc (NYSEMKT:AKG) (TSE:AKG) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.00.

AKG has been the subject of a number of recent research reports. ValuEngine cut Asanko Gold from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised Asanko Gold from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research report on Wednesday, July 19th. BidaskClub raised Asanko Gold from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 12th. Clarus Securities cut Asanko Gold from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, CIBC cut Asanko Gold from a “sector perform” rating to a “sector underperform” rating in a research report on Friday, August 4th.

Asanko Gold (NYSEMKT AKG) remained flat at $1.06 during midday trading on Friday. The stock had a trading volume of 334,913 shares. Asanko Gold has a 52-week low of $0.77 and a 52-week high of $4.68. The company has a 50 day moving average of $1.05 and a 200-day moving average of $1.80. The stock has a market cap of $215.66 million, a P/E ratio of 20.00 and a beta of 1.05.

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A number of institutional investors have recently modified their holdings of the stock. Credit Suisse AG boosted its holdings in Asanko Gold by 7.3% in the first quarter. Credit Suisse AG now owns 152,556 shares of the basic materials company’s stock valued at $397,000 after acquiring an additional 10,377 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Asanko Gold by 16.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 134,627 shares of the basic materials company’s stock valued at $206,000 after acquiring an additional 19,037 shares during the last quarter. Sprott Inc. boosted its holdings in Asanko Gold by 0.5% in the second quarter. Sprott Inc. now owns 4,531,679 shares of the basic materials company’s stock valued at $6,933,000 after acquiring an additional 21,898 shares during the last quarter. Royal Bank of Canada boosted its holdings in Asanko Gold by 37.9% in the second quarter. Royal Bank of Canada now owns 90,148 shares of the basic materials company’s stock valued at $138,000 after acquiring an additional 24,758 shares during the last quarter. Finally, KCG Holdings Inc. boosted its holdings in Asanko Gold by 102.8% in the first quarter. KCG Holdings Inc. now owns 106,842 shares of the basic materials company’s stock valued at $279,000 after acquiring an additional 54,148 shares during the last quarter.

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.

Analyst Recommendations for Asanko Gold (NYSEMKT:AKG)

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