Asanko Gold Inc (AKG) Receives Average Recommendation of “Hold” from Brokerages

Shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) have earned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$2.01.

Several equities research analysts have weighed in on the company. Royal Bank of Canada dropped their target price on Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating on the stock in a research report on Monday, December 4th. Canaccord Genuity increased their target price on Asanko Gold from C$1.00 to C$1.20 in a research report on Friday, January 19th. Clarus Securities lowered Asanko Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Raymond James Financial lowered Asanko Gold from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$3.50 to C$3.00 in a research report on Tuesday, November 14th.

Shares of Asanko Gold (TSE:AKG) traded down C$0.04 during midday trading on Tuesday, reaching C$1.09. The company’s stock had a trading volume of 407,985 shares, compared to its average volume of 762,442. Asanko Gold has a 1 year low of C$0.55 and a 1 year high of C$4.17. The firm has a market capitalization of $229.90, a price-to-earnings ratio of 55.00 and a beta of -0.17.

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About Asanko Gold

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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