Asanko Gold Inc (AKG) Hits New 12-Month Low at $0.99
Shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) hit a new 52-week low on Thursday . The company traded as low as C$0.99 and last traded at C$1.03, with a volume of 3635017 shares traded. The stock had previously closed at C$1.10.
A number of analysts have recently weighed in on AKG shares. Clarus Securities raised shares of Asanko Gold from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Royal Bank Of Canada cut their price target on shares of Asanko Gold from C$3.00 to C$2.50 and set a “sector perform” rating for the company in a report on Thursday, July 27th. Scotiabank cut their price target on shares of Asanko Gold from C$4.00 to C$2.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$2.00 price target on shares of Asanko Gold in a report on Friday, October 20th. Finally, Raymond James Financial, Inc. downgraded shares of Asanko Gold from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$3.50 to C$3.00 in a report on Tuesday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Asanko Gold presently has an average rating of “Hold” and a consensus price target of C$2.39.
In other Asanko Gold news, Director Groot Marcel H. De purchased 40,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was purchased at an average cost of C$1.49 per share, for a total transaction of C$59,600.00.
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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