Cormark Brokers Cut Earnings Estimates for Asanko Gold Inc (AKG)
Asanko Gold Inc (TSE:AKG) – Stock analysts at Cormark cut their Q1 2017 earnings per share estimates for Asanko Gold in a research report issued to clients and investors on Tuesday. Cormark analyst T. Breytenbach now anticipates that the firm will post earnings per share of $0.07 for the quarter, down from their previous estimate of $0.08. Cormark also issued estimates for Asanko Gold’s Q2 2017 earnings at $0.07 EPS, Q3 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.07 EPS, FY2017 earnings at $0.25 EPS and FY2018 earnings at $0.50 EPS.
Other equities research analysts have also issued research reports about the stock. Canaccord Genuity cut their target price on shares of Asanko Gold from C$7.25 to C$6.75 in a research note on Monday, October 24th. Scotiabank reiterated an “outperform” rating and set a C$7.50 price objective on shares of Asanko Gold in a research note on Friday, November 4th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$6.50 price objective on shares of Asanko Gold in a research note on Friday, September 16th.
Shares of Asanko Gold (TSE:AKG) opened at 4.78 on Wednesday. The stock’s 50 day moving average price is $5.12 and its 200 day moving average price is $5.08. Asanko Gold has a 52 week low of $1.77 and a 52 week high of $6.09. The stock’s market cap is $962.19 million.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.