Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) shares rose 0% during trading on Thursday . The stock traded as high as C$0.84 and last traded at C$0.81. Approximately 474,347 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 1,267,897 shares. The stock had previously closed at C$0.81.
AKG has been the topic of several analyst reports. Clarus Securities upgraded Asanko Gold from a “hold” rating to a “buy” rating in a report on Monday, November 6th. BMO Capital Markets restated a “market perform” rating and set a C$2.00 price target 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 reduced their price target for the company from C$3.50 to C$3.00 in a report on Tuesday, November 14th. Canaccord Genuity downgraded Asanko Gold from a “buy” rating to a “hold” rating and reduced their price target for the company from C$2.50 to C$1.00 in a report on Monday, November 20th. Finally, Royal Bank of Canada reduced 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. Six research analysts have rated the stock with a hold rating, Asanko Gold currently has an average rating of “Hold” and an average price target of C$1.98.
The stock has a market capitalization of $172.46, a price-to-earnings ratio of 44.50 and a beta of -0.51.
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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