Asanko Gold (TSE:AKG) Rating Lowered to Hold at Clarus Securities

Clarus Securities downgraded shares of Asanko Gold (TSE:AKG) (NYSEMKT:AKG) from a buy rating to a hold rating in a research report sent to investors on Tuesday, November 14th. Clarus Securities also issued estimates for Asanko Gold’s FY2018 earnings at $0.03 EPS.

A number of other equities analysts have also recently weighed in on the stock. Canaccord Genuity upped their price objective on shares of Asanko Gold from C$2.25 to C$2.50 in a research report on Friday, September 29th. Scotiabank reduced their price objective on shares of Asanko Gold from C$4.00 to C$2.00 and set a sector perform rating for the company in a research report on Friday, August 4th. Raymond James Financial upgraded shares of Asanko Gold from an outperform rating to a strong-buy rating and reduced their price objective for the stock from C$4.40 to C$3.50 in a research report on Friday, August 4th. Royal Bank Of Canada reduced their target price on shares of Asanko Gold from C$3.00 to C$2.50 and set a sector perform rating for the company in a research report on Thursday, July 27th. Finally, BMO Capital Markets reiterated a market perform rating and issued a C$2.00 target price on shares of Asanko Gold in a research report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating, The company has a consensus rating of Hold and an average target price of C$2.14.

Asanko Gold (TSE AKG) traded up C$0.01 on Tuesday, hitting C$0.80. 784,756 shares of the company traded hands, compared to its average volume of 1,080,000. Asanko Gold has a 1 year low of C$0.78 and a 1 year high of C$5.07.

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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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