Asanko Gold (TSE:AKG) (NYSEMKT:AKG) had its price objective cut by Royal Bank Of Canada from C$1.75 to C$1.00 in a research note issued to investors on Monday. They currently have a sector perform rating on the stock.
Several other equities analysts also recently commented on AKG. Canaccord Genuity upped their price objective on shares of Asanko Gold from C$2.25 to C$2.50 in a report on Friday, September 29th. Clarus Securities upgraded shares of Asanko Gold from a hold rating to a buy rating in a report on Monday, November 6th. Raymond James Financial downgraded shares of Asanko Gold from an outperform rating to a market perform rating and decreased their price objective for the company from C$3.50 to C$3.00 in a report on Tuesday, November 14th. Finally, BMO Capital Markets reiterated a market perform rating and issued a C$2.00 price objective on shares of Asanko Gold in a report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and an average target price of C$1.98.
Asanko Gold (TSE AKG) remained flat at $C$0.80 during trading hours on Monday. 338,633 shares of the company’s stock traded hands, compared to its average volume of 1,255,151. Asanko Gold has a 12 month low of C$0.78 and a 12 month high of C$5.07.
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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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