The stock of Asanko Gold Inc (TSE:AKG) is a huge mover today! About 206,236 shares traded hands. Asanko Gold Inc (TSE:AKG) has risen 61.28% since March 10, 2016 and is uptrending. It has outperformed by 55.67% the S&P500.
The move comes after 5 months positive chart setup for the $900.80 million company. It was reported on Oct, 17 by Barchart.com. We have $8.15 PT which if reached, will make TSE:AKG worth $621.55M more.
Asanko Gold Inc (TSE:AKG) Ratings Coverage
Out of 3 analysts covering Asanko Gold (TSE:AKG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $7.50 is the highest target while $2.50 is the lowest. The $4.91 average target is 1.87% above today’s ($4.82) stock price. Asanko Gold has been the topic of 10 analyst reports since August 24, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the shares of AKG in a report on Friday, October 14 with “Outperform” rating. The company was maintained on Tuesday, December 22 by RBC Capital Markets. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, September 16 report.
More recent Asanko Gold Inc (TSE:AKG) news were published by: Business.Financialpost.com which released: “Hedge fund claims 90% downside potential at Asanko Gold” on June 29, 2016. Also Seekingalpha.com published the news titled: “Asanko Gold Will Continue Outperforming Peers – Here’s Why” on September 27, 2016. Seekingalpha.com‘s news article titled: “The Long Case For Asanko Gold Inc.” with publication date: October 09, 2015 was also an interesting one.
Asanko Gold Inc. is an exploration and development-stage company. The company has a market cap of $900.80 million. The Firm is focused on advancing its principal project, the Asanko Gold Mine, to commercial production. It currently has negative earnings. The Company’s segment is the exploration and development of resource properties.
AKG Company Profile
Asanko Gold Inc. (Asanko), incorporated on October 23, 1999, is an exploration and development-stage company. The Firm is focused on advancing its principal project, the Asanko Gold Mine, to commercial production. The Company’s segment is the exploration and development of resource properties. In addition to its principal project, the Company holds a portfolio of other Ghanaian gold concessions in various stages of exploration. The Company’s subsidiaries include Keegan Resources (Ghana) Limited Ghana (Asanko Ghana), Adansi Gold Company (GH) Limited (Adansi Ghana), Asanko Gold South Africa (PTY) Ltd., Asanko International (Barbados) Inc., Asanko Gold (Barbados) Inc. and PMI Gold Corporation (PMI). PMI is a resource exploration and development firm which, through its subsidiaries, holds exploration and mining leases in the Ashanti and Asankrangwa Gold Belts of Ghana, Africa. PMI’s principal project is a gold development project, the Obotan Gold Project, which has been combined with the Company’s principal project, the Esaase Gold Project, to form the Asanko Gold Mine.
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