Royal Bank Of Canada Trims Asanko Gold (AKG) Target Price to C$1.00
Asanko Gold (TSE:AKG) (NYSEMKT:AKG) had its target price decreased by Royal Bank Of Canada from C$1.75 to C$1.00 in a research note released on Monday morning. Royal Bank Of Canada currently has a sector perform rating on the stock.
A number of other research firms also recently weighed in on AKG. Clarus Securities upgraded Asanko Gold from a hold rating to a buy rating in a research note on Monday, November 6th. BMO Capital Markets restated 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. Raymond James Financial downgraded Asanko Gold from an outperform rating to a market perform rating and decreased their price target for the company from C$3.50 to C$3.00 in a research note on Tuesday, November 14th. Finally, Canaccord Genuity downgraded Asanko Gold from a buy rating to a hold rating and decreased their price target for the company from C$2.50 to C$1.00 in a research note on Monday, November 20th. Six equities research analysts have rated the stock with a hold rating, Asanko Gold presently has an average rating of Hold and a consensus target price of C$1.98.
Asanko Gold (AKG) opened at C$0.79 on Monday. Asanko Gold has a one year low of C$0.76 and a one year high of C$5.07.
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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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