Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) was downgraded by Raymond James Financial, Inc. from an “outperform” rating to a “market perform” rating in a report released on Tuesday. They currently have a C$3.00 price target on the stock, down from their prior price target of C$3.50. Raymond James Financial, Inc.’s target price indicates a potential upside of 191.26% from the company’s current price.

AKG has been the topic of a number of other research reports. Royal Bank Of Canada dropped their price target on shares of Asanko Gold from C$2.50 to C$2.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 31st. Canaccord Genuity lifted their price target on shares of Asanko Gold from C$2.25 to C$2.50 in a research report on Friday, September 29th. Clarus Securities lowered shares of Asanko Gold from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BMO Capital Markets reissued a “market perform” rating and issued a C$2.00 price target on shares of Asanko Gold in a research report on Friday, October 20th. Finally, Scotiabank dropped their price target on shares of Asanko Gold from C$4.00 to C$2.00 and set a “sector perform” rating on the stock in a research report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$2.39.

Asanko Gold (TSE:AKG) opened at C$1.03 on Tuesday. Asanko Gold has a 52-week low of C$0.99 and a 52-week high of C$5.07.

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In related news, Director Groot Marcel H. De bought 40,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average price of C$1.49 per share, with a total value of C$59,600.00.

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 (TSE:AKG)

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