BidaskClub Upgrades Asanko Gold Inc (AKG) to Sell

BidaskClub upgraded shares of Asanko Gold Inc (NYSEMKT:AKG) (TSE:AKG) from a strong sell rating to a sell rating in a report published on Wednesday, July 12th.

A number of other equities research analysts also recently issued reports on AKG. UBS AG upgraded shares of Asanko Gold from an outperform rating to a strong-buy rating in a report on Wednesday, April 5th. Raymond James Financial, Inc. upgraded shares of Asanko Gold from an outperform rating to a strong-buy rating in a report on Wednesday, April 5th. Clarus Securities restated a buy rating on shares of Asanko Gold in a report on Friday, May 5th. Finally, ValuEngine upgraded shares of Asanko Gold from a sell rating to a hold rating in a report on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Asanko Gold presently has an average rating of Hold and a consensus price target of $4.75.

Asanko Gold (NYSEMKT:AKG) opened at 0.9188 on Wednesday. The company has a market capitalization of $186.93 million, a PE ratio of 17.3358 and a beta of 1.05. Asanko Gold has a 12-month low of $0.78 and a 12-month high of $4.68. The stock’s 50 day moving average price is $1.34 and its 200 day moving average price is $2.21.

COPYRIGHT VIOLATION NOTICE: “BidaskClub Upgrades Asanko Gold Inc (AKG) to Sell” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.com-unik.info/2017/08/12/asanko-gold-inc-akg-raised-to-sell-at-bidaskclub-updated-updated-updated.html.

Several hedge funds and other institutional investors have recently made changes to their positions in AKG. Marshall Wace North America L.P. purchased a new position in shares of Asanko Gold during the second quarter valued at $423,000. Sprott Inc. increased its position in shares of Asanko Gold by 0.5% in the second quarter. Sprott Inc. now owns 4,531,679 shares of the basic materials company’s stock valued at $6,933,000 after buying an additional 21,898 shares during the period. Credit Suisse AG increased its position in shares of Asanko Gold by 7.3% in the first quarter. Credit Suisse AG now owns 152,556 shares of the basic materials company’s stock valued at $397,000 after buying an additional 10,377 shares during the period. Bank of America Corp DE boosted its stake in Asanko Gold by 372.5% in the first quarter. Bank of America Corp DE now owns 243,596 shares of the basic materials company’s stock valued at $636,000 after buying an additional 192,037 shares in the last quarter. Finally, KCG Holdings Inc. boosted its stake in Asanko Gold by 102.8% in the first quarter. KCG Holdings Inc. now owns 106,842 shares of the basic materials company’s stock valued at $279,000 after buying an additional 54,148 shares in the last quarter.

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.

Analyst Recommendations for Asanko Gold (NYSEMKT:AKG)

What are top analysts saying about Asanko Gold Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Asanko Gold Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit