Asanko Gold Inc (NYSEMKT:AKG) (TSE:AKG) has received a consensus rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $5.00.
Several brokerages have recently issued reports on AKG. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Asanko Gold in a research report on Friday, August 4th. Scotiabank downgraded Asanko Gold from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded Asanko Gold from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Clarus Securities downgraded Asanko Gold from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, CIBC downgraded Asanko Gold from a “sector perform” rating to a “sector underperform” rating in a report on Friday, August 4th.
WARNING: This piece was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/08/22/asanko-gold-inc-akg-given-consensus-rating-of-hold-by-brokerages.html.
A number of institutional investors have recently made changes to their positions in AKG. Tudor Investment Corp ET AL bought a new position in shares of Asanko Gold during the second quarter worth $138,000. Royal Bank of Canada raised its position in shares of Asanko Gold by 37.9% in the second quarter. Royal Bank of Canada now owns 90,148 shares of the basic materials company’s stock worth $138,000 after buying an additional 24,758 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Asanko Gold by 16.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 134,627 shares of the basic materials company’s stock worth $206,000 after buying an additional 19,037 shares during the last quarter. Virtu KCG Holdings LLC raised its position in shares of Asanko Gold by 67.1% in the second quarter. Virtu KCG Holdings LLC now owns 178,530 shares of the basic materials company’s stock worth $273,000 after buying an additional 71,688 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Asanko Gold during the second quarter worth $278,000.
Shares of Asanko Gold (NYSEMKT:AKG) traded up 1.54% during midday trading on Tuesday, reaching $1.01. The company’s stock had a trading volume of 823,457 shares. Asanko Gold has a 52 week low of $0.77 and a 52 week high of $4.68. The stock has a 50-day moving average price of $1.24 and a 200 day moving average price of $2.07. The stock has a market capitalization of $205.48 million, a PE ratio of 19.06 and a beta of 1.05.
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.
Receive News & Ratings for Asanko Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asanko Gold Inc and related companies with MarketBeat.com's FREE daily email newsletter.
