Zacks: Analysts Anticipate Asanko Gold Inc. (AKG) to Announce $0.02 Earnings Per Share

Wall Street brokerages forecast that Asanko Gold Inc. (NASDAQ:AKG) will post $0.02 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Asanko Gold’s earnings. Asanko Gold also reported earnings per share of $0.02 during the same quarter last year. The company is scheduled to issue its next earnings report on Friday, November 2nd.

According to Zacks, analysts expect that Asanko Gold will report full-year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.06. For the next financial year, analysts forecast that the company will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.04) to $0.01. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Asanko Gold.

Asanko Gold (NASDAQ:AKG) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $66.82 million for the quarter.

NASDAQ AKG remained flat at $$0.78 during trading hours on Monday. The company had a trading volume of 142,375 shares, compared to its average volume of 659,067. Asanko Gold has a 1-year low of $0.43 and a 1-year high of $1.38.

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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