Asanko Gold Inc. (AKG) Reviewed By Analysts

Gladys Abbott
June 12, 2017

Now the shares of Asanko Gold Inc.

The stock subtracted in the prior trading session by -7.19%, closing at the stock price of $1.55. (AKG) have recently changed their ratings on the stock. The company presently has an average rating of Buy and a consensus target price of C$4.39.

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Currently, the market capitalization of Asanko Gold Inc. Finally, Canaccord Genuity raised shares of Asanko Gold from a hold rating to a buy rating and lowered their price target for the company from C$5.50 to C$5.00 in a report on Monday, February 27th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock now has a consensus rating of Buy and a consensus target price of C$4.39.

More news: Sterling turns flat, still well above Friday's lows

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, AKG earned gross profit of 0, in 2015 0 gross profit, while in 2016 Asanko Gold Inc.

05/18/2015 - Asanko Gold Inc. was downgraded to " by analysts at Zacks. The company's market cap is $333.66 million. Asanko Gold has a 52 week low of $1.75 and a 52 week high of $6.09. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of USA and worldwide trademark & copyright laws. The original version of this story can be accessed at https://www.thestockobserver.com/2017/06/12/asanko-golds-akg-outperform-rating-reiterated-at-scotiabank.html.

Asanko Gold Inc is a gold producer. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -51.06%, and has a poor year to date (YTD) performance of -49.35% which means the stock is constantly subtracting to its value from the previous fiscal year end price. The Company's segments include Canada and Ghana.

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