FY2016 EPS Estimates for Asanko Gold Inc (AKG) Cut by Analyst
Asanko Gold Inc (TSE:AKG) – Research analysts at Clarus Securities decreased their FY2016 earnings estimates for Asanko Gold in a research report issued on Thursday. Clarus Securities analyst N. Sangmuah now forecasts that the firm will post earnings of $0.01 per share for the year, down from their prior forecast of $0.06. Clarus Securities also issued estimates for Asanko Gold’s FY2017 earnings at $0.34 EPS and FY2018 earnings at $0.44 EPS.
AKG has been the topic of a number of other reports. Scotiabank reissued an “outperform” rating and set a C$6.75 price target on shares of Asanko Gold in a research note on Thursday, July 21st. Canaccord Genuity lifted their price target on Asanko Gold from C$6.00 to C$6.75 in a research note on Tuesday, July 12th. Raymond James Financial Inc. lifted their price target on Asanko Gold from C$5.00 to C$6.75 in a research note on Monday, June 27th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$6.50 price target on shares of Asanko Gold in a research note on Friday, September 16th.
Asanko Gold (TSE:AKG) opened at 4.82 on Monday. The company has a 50 day moving average price of $5.31 and a 200 day moving average price of $4.86. The firm’s market capitalization is $970.24 million. Asanko Gold has a 12 month low of $1.77 and a 12 month high of $6.09.
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