Shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) were up 0% during mid-day trading on Thursday . The stock traded as high as C$0.84 and last traded at C$0.81. Approximately 474,347 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 1,267,897 shares. The stock had previously closed at C$0.81.
Several analysts have recently issued reports on AKG shares. Royal Bank of Canada dropped their target price on shares of Asanko Gold from C$2.50 to C$2.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 31st. Canaccord Genuity boosted their price target on shares of Asanko Gold from C$2.25 to C$2.50 in a research report on Friday, September 29th. Raymond James Financial lowered shares of Asanko Gold from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$3.50 to C$3.00 in a research report on Tuesday, November 14th. Clarus Securities upgraded shares of Asanko Gold from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$2.00 price target on shares of Asanko Gold in a research report on Friday, October 20th. Six analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of C$1.98.
The stock has a market capitalization of $172.46, a PE ratio of 42.50 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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