Canaccord Genuity cut shares of Asanko Gold Inc. (NYSEAMERICAN:AKG) (TSE:AKG) from a buy rating to a hold rating in a report published on Monday morning. Canaccord Genuity currently has $1.00 price target on the basic materials company’s stock.
AKG has been the topic of a number of other reports. Zacks Investment Research raised shares of Asanko Gold from a sell rating to a hold rating in a research report on Wednesday, September 13th. Royal Bank Of Canada reissued a hold rating and set a $1.75 price target on shares of Asanko Gold in a research report on Monday, October 23rd. Clarus Securities raised shares of Asanko Gold from a hold rating to a buy rating in a research report on Monday, November 6th. Raymond James Financial, Inc. restated an outperform rating on shares of Asanko Gold in a report on Friday, August 4th. Finally, CIBC lowered shares of Asanko Gold from a sector perform rating to a sector underperform rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $3.25.
Asanko Gold (NYSEAMERICAN:AKG) opened at $0.78 on Monday. Asanko Gold has a 52-week low of $0.75 and a 52-week high of $3.90.
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Asanko Gold Company Profile
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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