Scotiabank reaffirmed their outperform rating on shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) in a research report sent to investors on Wednesday, May 24th. Scotiabank currently has a C$5.75 target price on the stock.

Several other research analysts also recently weighed in on AKG. Raymond James Financial, Inc. reissued an outperform rating and issued a C$4.75 target price on shares of Asanko Gold in a research report on Tuesday, February 7th. Canaccord Genuity raised shares of Asanko Gold from a hold rating to a buy rating and dropped their target price for the stock from C$5.50 to C$5.00 in a research report on Monday, February 27th. BMO Capital Markets dropped their target price on shares of Asanko Gold from C$5.00 to C$4.50 in a research report on Friday, March 17th. Royal Bank of Canada dropped their target price on shares of Asanko Gold from C$6.00 to C$5.00 and set a sector perform rating on the stock in a research report on Wednesday, April 12th. Finally, CIBC dropped their target price on shares of Asanko Gold from C$4.50 to C$3.85 in a research report on Friday, May 5th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of C$4.06.

Shares of Asanko Gold (TSE AKG) traded up 10.11% during mid-day trading on Wednesday, reaching $2.07. 13,867,937 shares of the company were exchanged. Asanko Gold has a 12 month low of $1.75 and a 12 month high of $6.09. The company’s 50 day moving average price is $2.68 and its 200 day moving average price is $3.67. The firm’s market capitalization is $421.14 million.

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Asanko Gold Company Profile

Asanko Gold Inc is a gold producer. The Company has operations in the Republic of Ghana. The Company’s segments include Canada and Ghana. The Company’s principal asset is the Asanko Gold Mine (AGM) located in Ghana, West Africa. The Company’s Project 5M will upgrade the plant’s throughput to five metric tons per annum and expand mining operations to integrate the Esaase deposit, including the construction of a 27-kilometer overland conveyor.

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