Asanko Gold’s (AKG) “Market Perform” Rating Reiterated at BMO Capital Markets

BMO Capital Markets reaffirmed their market perform rating on shares of Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) in a research report sent to investors on Tuesday, June 13th. BMO Capital Markets currently has a C$3.00 price target on the stock.

A number of other analysts have also recently weighed in on AKG. Raymond James Financial, Inc. reissued an outperform rating and issued a C$5.25 price objective on shares of Asanko Gold in a research report on Friday, February 24th. Scotiabank reiterated an outperform rating and set a C$6.00 price objective on shares of Asanko Gold in a research note on Monday, February 27th. Canaccord Genuity upgraded Asanko Gold from a hold rating to a buy rating and reduced their price objective for the company from C$5.50 to C$5.00 in a research note on Monday, February 27th. Finally, Royal Bank Of Canada reduced their price objective on Asanko Gold from C$6.00 to C$5.00 and set a sector perform rating for the company in a research note on Wednesday, April 12th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of C$4.06.

Asanko Gold (TSE:AKG) traded up 5.65% during midday trading on Tuesday, reaching $1.87. The company had a trading volume of 645,571 shares. Asanko Gold has a 12-month low of $1.75 and a 12-month high of $6.09. The stock’s market capitalization is $380.45 million. The company has a 50-day moving average of $2.63 and a 200-day moving average of $3.64.

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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.

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