Cormark Comments on Asanko Gold Inc’s Q4 2016 Earnings (AKG)
Asanko Gold Inc (TSE:AKG) – Equities researchers at Cormark boosted their Q4 2016 earnings per share (EPS) estimates for Asanko Gold in a research note issued on Friday. Cormark analyst T. Breytenbach now anticipates that the brokerage will post earnings of $0.15 per share for the quarter, up from their prior estimate of $0.12.
Several other equities research analysts have also weighed in on AKG. Scotiabank boosted their target price on Asanko Gold from C$6.75 to C$7.50 and gave the stock an “outperform” rating in a report on Friday, September 16th. BMO Capital Markets restated an “outperform” rating and issued a C$6.50 target price on shares of Asanko Gold in a report on Friday, September 16th. Canaccord Genuity boosted their target price on Asanko Gold from C$6.00 to C$6.75 in a report on Tuesday, July 12th. Finally, Raymond James Financial Inc. boosted their target price on Asanko Gold from C$5.00 to C$6.75 in a report on Monday, June 27th.
Asanko Gold (TSE:AKG) opened at 4.82 on Monday. Asanko Gold has a 52 week low of $1.77 and a 52 week high of $6.09. The company’s market capitalization is $970.24 million. The company’s 50-day moving average price is $5.31 and its 200 day moving average price is $4.86.
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