Asanko Gold Inc (AKG) Receives Consensus Rating of “Buy” from Analysts
Shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$2.48.
Several analysts have recently weighed in on the company. Clarus Securities raised Asanko Gold from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Canaccord Genuity lifted their price objective on Asanko Gold from C$2.25 to C$2.50 in a report on Friday, September 29th. Scotiabank decreased their price objective on Asanko Gold from C$4.00 to C$2.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Raymond James Financial, Inc. raised Asanko Gold from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from C$4.40 to C$3.50 in a research note on Friday, August 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$2.00 price target on shares of Asanko Gold in a research note on Friday, October 20th.
In other Asanko Gold news, Director Groot Marcel H. De acquired 40,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was purchased at an average price of C$1.49 per share, for a total transaction of C$59,600.00.
Shares of Asanko Gold (TSE:AKG) traded down C$0.04 during trading hours on Friday, hitting C$1.24. The stock had a trading volume of 3,861,298 shares, compared to its average volume of 1,255,594. Asanko Gold has a one year low of C$0.99 and a one year high of C$5.07.
About Asanko Gold
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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