Asanko Gold (AKG) Hits New 1-Year High at $1.33

Asanko Gold (TSE:AKG) (NYSEMKT:AKG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$1.33 and last traded at C$1.32, with a volume of 168177 shares traded. The stock had previously closed at C$1.30.

A number of equities analysts recently issued reports on AKG shares. Canaccord Genuity increased their target price on Asanko Gold from C$1.00 to C$1.20 in a report on Friday, January 19th. BMO Capital Markets increased their target price on Asanko Gold from C$0.70 to C$1.25 in a report on Wednesday, March 28th. Six investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of C$1.88.

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Asanko Gold (TSE:AKG) (NYSEMKT:AKG) last issued its quarterly earnings data on Thursday, March 15th. The company reported C($0.04) earnings per share for the quarter, beating the consensus estimate of C($0.10) by C$0.06. Asanko Gold had a return on equity of 4.34% and a net margin of 9.25%. The business had revenue of C$75.73 million for the quarter.

In related news, insider Huang Mining Company Limit Jin acquired 4,000,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of C$1.14 per share, for a total transaction of C$4,560,000.00.

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About Asanko Gold

Asanko Gold Inc engages in the exploration, development, and production of gold properties. Its principal project is the Asanko Gold Mine, which consists of two gold projects, such as the Obotan Project and the Esaase Project located in the Amansie West District of the Republic of Ghana, West Africa.

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