Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG)’s share price rose 4.8% during mid-day trading on Wednesday . The stock traded as high as C$0.88 and last traded at C$0.88. Approximately 584,809 shares changed hands during trading, a decline of 13% from the average daily volume of 671,315 shares. The stock had previously closed at C$0.84.
AKG has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating for the company in a research report on Monday, December 4th. Canaccord Genuity boosted their target price on Asanko Gold from C$2.25 to C$2.50 in a research report on Friday, September 29th. Raymond James Financial lowered Asanko Gold from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$3.50 to C$3.00 in a research report on Tuesday, November 14th. Clarus Securities upgraded Asanko Gold from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$2.00 target price on shares of Asanko Gold in a research report on Friday, October 20th. Six analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of C$1.98.
The firm has a market cap of $173.53, a price-to-earnings 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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