Shares of Asanko Gold Inc. (NYSEMKT:AKG) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the company. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $5.25.

AKG has been the topic of several research reports. Scotiabank reissued an “outperform” rating and issued a $6.75 target price on shares of Asanko Gold in a research report on Thursday, August 11th. BMO Capital Markets reissued an “outperform” rating and issued a $6.50 target price on shares of Asanko Gold in a research report on Friday, September 16th. Finally, Zacks Investment Research raised Asanko Gold from a “sell” rating to a “hold” rating in a research report on Monday, July 18th.

A number of large investors have recently made changes to their positions in AKG. Global X Management Co. LLC increased its stake in shares of Asanko Gold by 22.4% in the second quarter. Global X Management Co. LLC now owns 912,050 shares of the company’s stock valued at $3,469,000 after buying an additional 167,160 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Asanko Gold during the second quarter valued at about $10,125,000. Swiss National Bank raised its stake in Asanko Gold by 11.3% in the second quarter. Swiss National Bank now owns 317,900 shares of the company’s stock valued at $1,210,000 after buying an additional 32,400 shares during the last quarter. Renaissance Technologies LLC raised its stake in Asanko Gold by 424.0% in the first quarter. Renaissance Technologies LLC now owns 1,122,469 shares of the company’s stock valued at $2,389,000 after buying an additional 908,269 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Asanko Gold by 531.3% in the second quarter. Tower Research Capital LLC TRC now owns 24,235 shares of the company’s stock valued at $120,000 after buying an additional 20,396 shares during the last quarter.

Asanko Gold (NYSEMKT:AKG) opened at 3.62 on Monday. The stock has a 50 day moving average price of $4.06 and a 200 day moving average price of $3.71. The stock’s market capitalization is $728.68 million. Asanko Gold has a 12 month low of $1.27 and a 12 month high of $4.68.

About Asanko Gold

Asanko Gold Inc (Asanko) is an exploration and development-stage company. The Company is focused on advancing its principal project, the Asanko Gold Mine, to commercial production. The Company’s segment is the exploration and development of resource properties. In addition to its principal project, the Company holds a portfolio of other Ghanaian gold concessions in various stages of exploration.

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