Equities Analysts Offer Predictions for Asanko Gold Inc’s FY2018 Earnings (AKG)
Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) – Investment analysts at Clarus Securities cut their FY2018 earnings per share (EPS) estimates for Asanko Gold in a research note issued on Tuesday. Clarus Securities analyst N. Sangmuah now expects that the company will earn $0.03 per share for the year, down from their previous forecast of $0.12. Clarus Securities currently has a “Hold” rating on the stock.
A number of other analysts also recently issued reports on the stock. Raymond James Financial, Inc. downgraded shares of Asanko Gold from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$3.50 to C$3.00 in a report on Tuesday, November 14th. BMO Capital Markets reissued a “market perform” rating and issued a C$2.00 price target on shares of Asanko Gold in a research note on Friday, October 20th. Canaccord Genuity boosted their price target on shares of Asanko Gold from C$2.25 to C$2.50 in a research note on Friday, September 29th. Royal Bank Of Canada lowered their price target on shares of Asanko Gold from C$2.50 to C$2.00 and set a “sector perform” rating for the company in a research note on Thursday, August 31st. Finally, Scotiabank lowered 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 research note on Friday, August 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$2.39.
Shares of Asanko Gold (TSE:AKG) opened at C$1.02 on Friday. Asanko Gold has a fifty-two week low of C$0.99 and a fifty-two week high of C$5.07.
In other Asanko Gold news, Director Groot Marcel H. De purchased 40,000 shares of the stock in a transaction on Friday, September 1st. The stock was acquired at an average cost of C$1.49 per share, with a total value 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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