Asanko Gold Inc (AKG) Receives Consensus Rating of “Hold” from Analysts
Shares of Asanko Gold Inc (NYSEAMERICAN:AKG) (TSE:AKG) have been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $1.38.
A number of analysts have recently issued reports on the company. Raymond James Financial restated a “market perform” rating on shares of Asanko Gold in a research report on Tuesday, November 14th. Clarus Securities upgraded Asanko Gold from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. BidaskClub upgraded Asanko Gold from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. Royal Bank of Canada restated a “hold” rating and set a $1.75 price objective on shares of Asanko Gold in a research report on Monday, October 23rd. Finally, Zacks Investment Research cut Asanko Gold from a “hold” rating to a “sell” rating in a research report on Monday, January 8th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AKG. Tudor Investment Corp ET AL bought a new stake in shares of Asanko Gold during the second quarter valued at approximately $138,000. Royal Bank of Canada grew its position in Asanko Gold by 37.9% in the second quarter. Royal Bank of Canada now owns 90,148 shares of the basic materials company’s stock valued at $138,000 after acquiring an additional 24,758 shares during the period. Integrated Investment Consultants LLC bought a new stake in Asanko Gold in the third quarter valued at $161,000. Virtu KCG Holdings LLC grew its position in Asanko Gold by 67.1% in the second quarter. Virtu KCG Holdings LLC now owns 178,530 shares of the basic materials company’s stock valued at $273,000 after acquiring an additional 71,688 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new stake in Asanko Gold in the second quarter valued at $278,000.
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.
Receive News & Ratings for Asanko Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asanko Gold and related companies with MarketBeat.com's FREE daily email newsletter.