Asanko Gold Inc. (NYSEAMERICAN:AKG) (TSE:AKG) shares gapped up prior to trading on Friday . The stock had previously closed at $0.72, but opened at $0.75. Asanko Gold shares last traded at $0.82, with a volume of 2362518 shares changing hands.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Asanko Gold from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Canaccord Genuity downgraded shares of Asanko Gold from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a report on Monday, November 20th. Raymond James Financial reissued a “market perform” rating on shares of Asanko Gold in a report on Tuesday, November 14th. UBS Group downgraded shares of Asanko Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 14th. Finally, Clarus Securities raised shares of Asanko Gold from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Asanko Gold presently has an average rating of “Hold” and an average target price of $1.25.
The firm has a market cap of $169.06, a PE ratio of 41.30 and a beta of 0.07.
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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