Asanko Gold (AKG) Price Target Increased to C$1.50 by Analysts at Canaccord Genuity

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) had its price target lifted by Canaccord Genuity from C$1.20 to C$1.50 in a report issued on Monday.

Other analysts have also issued research reports about the company. BMO Capital Markets upped their price objective on Asanko Gold from C$0.70 to C$1.25 in a report on Wednesday, March 28th. Clarus Securities restated a speculative buy rating on shares of Asanko Gold in a report on Thursday, April 19th. Six analysts have rated the stock with a hold rating, The company has an average rating of Hold and a consensus price target of C$1.93.

Shares of AKG stock opened at C$1.45 on Monday. Asanko Gold has a 1 year low of C$0.55 and a 1 year high of C$3.41.

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) last announced its quarterly earnings data on Thursday, March 15th. The company reported C($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.10) by C$0.06. The business had revenue of C$75.73 million during the quarter. Asanko Gold had a return on equity of 4.34% and a net margin of 9.25%.

In other news, insider Huang Mining Company Limit Jin acquired 4,000,000 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was acquired at an average price of C$1.14 per share, for a total transaction of C$4,560,000.00.

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About Asanko Gold

Asanko Gold Inc engages in the exploration, development, and production of gold properties. Its principal project is the Asanko Gold Mine, which consists of two gold projects, such as the Obotan Project and the Esaase Project located in the Amansie West District of the Republic of Ghana, West Africa.

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