Asanko Gold (AKG) Price Target Lowered to C$1.00 at Royal Bank Of Canada

Asanko Gold (TSE:AKG) (NYSEMKT:AKG) had its target price dropped by equities researchers at Royal Bank Of Canada from C$1.75 to C$1.00 in a research note issued to investors on Monday. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 25.00% from the stock’s previous close.

Several other analysts have also weighed in on the company. BMO Capital Markets reissued a “market perform” rating and set a C$2.00 price objective on shares of Asanko Gold in a report on Friday, October 20th. Raymond James Financial downgraded Asanko Gold from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$3.50 to C$3.00 in a research report on Tuesday, November 14th. Clarus Securities downgraded Asanko Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Canaccord Genuity downgraded Asanko Gold from a “buy” rating to a “hold” rating and cut their target price for the stock from C$2.50 to C$1.00 in a research report on Monday, November 20th. Six equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of C$1.98.

Shares of Asanko Gold (TSE:AKG) traded up C$0.01 during trading hours on Monday, hitting C$0.80. The stock had a trading volume of 784,756 shares, compared to its average volume of 1,259,101. Asanko Gold has a one year low of C$0.78 and a one year high of C$5.07.

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About Asanko Gold

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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