Asanko Gold Inc (AKG) Stock Rating Upgraded by BidaskClub
BidaskClub upgraded shares of Asanko Gold Inc (NYSEMKT:AKG) (TSE:AKG) from a strong sell rating to a sell rating in a research report released on Saturday.
Several other analysts also recently weighed in on AKG. Zacks Investment Research upgraded Asanko Gold from a hold rating to a buy rating and set a $1.75 target price for the company in a research note on Wednesday, July 19th. CIBC downgraded Asanko Gold from a sector perform rating to a sector underperform rating in a research note on Friday, August 4th. Raymond James Financial, Inc. restated an outperform rating on shares of Asanko Gold in a research note on Friday, August 4th. Clarus Securities downgraded Asanko Gold from a buy rating to a hold rating in a research note on Friday, August 4th. Finally, Scotiabank downgraded Asanko Gold from a sector outperform rating to a sector perform rating in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $3.81.
Asanko Gold (AKG) opened at $1.06 on Friday. Asanko Gold has a 52-week low of $0.77 and a 52-week high of $3.90.
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A number of large investors have recently bought and sold shares of the stock. Integrated Investment Consultants LLC acquired a new position in Asanko Gold in the third quarter worth about $161,000. BlueCrest Capital Management Ltd acquired a new position in Asanko Gold in the second quarter worth about $278,000. Royal Bank of Canada grew its stake in Asanko Gold by 37.9% in the second quarter. Royal Bank of Canada now owns 90,148 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 24,758 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Asanko Gold by 10,524.7% in the second quarter. Goldman Sachs Group Inc. now owns 2,480,761 shares of the basic materials company’s stock worth $3,796,000 after purchasing an additional 2,457,412 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in Asanko Gold in the second quarter worth about $138,000.
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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