Asanko Gold (AKG) Trading 4.8% Higher
Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG)’s share price traded up 4.8% on Wednesday . The stock traded as high as C$0.88 and last traded at C$0.88. 584,809 shares were traded during trading, a decline of 13% from the average session volume of 671,315 shares. The stock had previously closed at C$0.84.
Several equities analysts have recently weighed in on the company. BMO Capital Markets reiterated a “market perform” rating and set a C$2.00 price objective on shares of Asanko Gold in a report on Friday, October 20th. Clarus Securities cut Asanko Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Canaccord Genuity cut Asanko Gold from a “buy” rating to a “hold” rating and cut their target price for the company from C$2.50 to C$1.00 in a research note on Monday, November 20th. Raymond James Financial cut Asanko Gold from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$3.50 to C$3.00 in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada cut their target price on Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating on the stock in a research note on Monday, December 4th. Six investment analysts have rated the stock with a hold rating, Asanko Gold has a consensus rating of “Hold” and an average price target of C$1.98.
The firm has a market capitalization of $173.53, a P/E ratio of 42.00 and a beta of -0.51.
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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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