Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) – Equities research analysts at Clarus Securities decreased their FY2018 earnings per share (EPS) estimates for Asanko Gold in a note issued to investors on Thursday. Clarus Securities analyst N. Sangmuah now anticipates that the company will post earnings per share of $0.02 for the year, down from their previous forecast of $0.03. Clarus Securities has a “Hold” rating on the stock. Clarus Securities also issued estimates for Asanko Gold’s FY2019 earnings at $0.11 EPS.

A number of other analysts have also commented on the company. Canaccord Genuity lifted their price target on Asanko Gold from C$1.00 to C$1.20 in a report on Friday. Royal Bank of Canada dropped their price target on Asanko Gold from C$1.75 to C$1.00 and set a “sector perform” rating on the stock in a report on Monday, December 4th. Raymond James Financial lowered Asanko Gold from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$3.50 to C$3.00 in a report on Tuesday, November 14th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$2.00 price target on shares of Asanko Gold in a report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of C$2.01.

Asanko Gold (TSE AKG) traded up C$0.08 during mid-day trading on Monday, hitting C$1.19. The stock had a trading volume of 955,421 shares, compared to its average volume of 971,246. The company has a market capitalization of $243.49, a price-to-earnings ratio of 59.50 and a beta of -0.51. Asanko Gold has a 52 week low of C$0.55 and a 52 week high of C$5.07.

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) last posted its earnings results on Friday, November 3rd. The company reported C$0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.01 by C$0.02. Asanko Gold had a return on equity of 0.64% and a net margin of 2.11%. COPYRIGHT VIOLATION WARNING: “FY2018 Earnings Estimate for Asanko Gold Inc Issued By Clarus Securities (AKG)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2018/01/23/fy2018-earnings-estimate-for-asanko-gold-inc-issued-by-clarus-securities-akg.html.

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.

Earnings History and Estimates for Asanko Gold (TSE:AKG)

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