Asanko Gold (AKG) Stock Price Up 6.9%
Shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) rose 6.9% on Thursday . The stock traded as high as C$1.09 and last traded at C$1.08. Approximately 232,194 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 682,482 shares. The stock had previously closed at C$1.01.
AKG has been the topic of several recent research reports. Canaccord Genuity lifted their price objective on shares of Asanko Gold from C$1.00 to C$1.20 in a research report on Friday, January 19th. Clarus Securities upgraded shares of Asanko Gold from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Raymond James Financial downgraded shares of Asanko Gold from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$3.50 to C$3.00 in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada dropped their price target on shares of Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating on the stock in a research report on Monday, December 4th. Six investment analysts have rated the stock with a hold rating, Asanko Gold presently has a consensus rating of “Hold” and a consensus target price of C$2.01.
The stock has a market capitalization of $220.69, a PE ratio of 55.50 and a beta of -0.17.
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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