FY2016 EPS Estimates for Asanko Gold Inc Reduced by Analyst (AKG)
Asanko Gold Inc (TSE:AKG) – Research analysts at Cormark lowered their FY2016 EPS estimates for shares of Asanko Gold in a report released on Tuesday. Cormark analyst T. Breytenbach now expects that the firm will post earnings of $0.12 per share for the year, down from their prior forecast of $0.16.
A number of other equities analysts have also recently commented on the company. Scotiabank reiterated an “outperform” rating and issued a C$6.75 target price on shares of Asanko Gold in a report on Thursday, July 21st. BMO Capital Markets restated an “outperform” rating and set a C$6.50 price objective on shares of Asanko Gold in a report on Friday, September 16th. Finally, Canaccord Genuity dropped their price objective on Asanko Gold from C$7.25 to C$6.75 in a report on Monday, October 24th.
Shares of Asanko Gold (TSE:AKG) opened at 4.29 on Friday. The stock has a 50 day moving average price of $5.03 and a 200-day moving average price of $5.08. Asanko Gold has a 1-year low of $1.77 and a 1-year high of $6.09. The stock’s market capitalization is $863.55 million.
Asanko Gold Company Profile
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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