Brokerages Set Asanko Gold Inc (AKG) Price Target at $2.01

Shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$2.01.

Several equities analysts have issued reports on the company. Royal Bank of Canada dropped their price target 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. Canaccord Genuity boosted their price objective on Asanko Gold from C$1.00 to C$1.20 in a report on Friday, January 19th. Clarus Securities downgraded Asanko Gold from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Raymond James Financial downgraded 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.

Shares of Asanko Gold (TSE AKG) traded up C$0.01 on Tuesday, reaching C$1.13. The company’s stock had a trading volume of 44,467 shares, compared to its average volume of 735,278. Asanko Gold has a 12-month low of C$0.55 and a 12-month high of C$4.10. The firm has a market capitalization of $227.86, a price-to-earnings ratio of 56.00 and a beta of -0.17.

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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.

Analyst Recommendations for Asanko Gold (TSE:AKG)

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