Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$1.98.
Several equities research analysts have recently weighed in on AKG shares. Royal Bank of Canada reduced their target price on shares of Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating on the stock in a research note on Monday, December 4th. Canaccord Genuity increased their target price on shares of Asanko Gold from C$2.25 to C$2.50 in a research note on Friday, September 29th. Raymond James Financial downgraded shares of Asanko Gold from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$3.50 to C$3.00 in a research note on Tuesday, November 14th. Clarus Securities raised shares of Asanko Gold from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$2.00 target price on shares of Asanko Gold in a research note on Friday, October 20th.
Shares of Asanko Gold (TSE AKG) traded down C$0.03 on Monday, hitting C$0.83. 293,250 shares of the stock traded hands, compared to its average volume of 1,190,000. Asanko Gold has a 1-year low of C$0.55 and a 1-year high of C$5.07. The stock has a market capitalization of $168.24, a P/E ratio of 41.50 and a beta of -0.51.
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.
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