Canaccord Genuity Lowers Asanko Gold (AKG) Price Target to C$1.10

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) had its target price trimmed by Canaccord Genuity from C$1.50 to C$1.10 in a research report released on Thursday.

Shares of TSE:AKG traded up C$0.01 on Thursday, hitting C$1.08. The company’s stock had a trading volume of 46,142 shares, compared to its average volume of 369,367. Asanko Gold has a 12 month low of C$0.55 and a 12 month high of C$1.79.

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) last released its quarterly earnings results on Thursday, August 2nd. The company reported C$0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.01) by C$0.02. Asanko Gold had a return on equity of 4.34% and a net margin of 9.25%. The company had revenue of C$86.24 million during the quarter.

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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