Could Asanko Gold Inc Rise Even More? The Stock Had Another Big Increase Today

 Could Asanko Gold Inc Rise Even More? The Stock Had Another Big Increase Today

The stock of Asanko Gold Inc (TSE:AKG) is a huge mover today! About 250,700 shares traded hands. Asanko Gold Inc (TSE:AKG) has risen 72.60% since March 24, 2016 and is uptrending. It has outperformed by 69.12% the S&P500.
The move comes after 8 months positive chart setup for the $914.44 million company. It was reported on Oct, 31 by Barchart.com. We have $7.38 PT which if reached, will make TSE:AKG worth $466.36 million 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 $5.58 average target is 14.11% above today’s ($4.89) stock price. Asanko Gold has been the topic of 11 analyst reports since August 24, 2015 according to StockzIntelligence Inc. On Tuesday, December 22 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Asanko Gold Inc (TSE:AKG) has “Outperform” rating given on Friday, October 14 by Scotia Capital. On Friday, September 16 the stock rating was maintained by BMO Capital Markets with “Outperform”.

More notable recent Asanko Gold Inc (TSE:AKG) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on March 04, 2013, also Business.Financialpost.com with their article: “Hedge fund claims 90% downside potential at Asanko Gold” published on June 29, 2016, Seekingalpha.com published: “Asanko Gold: More Upside On The Horizon” on October 19, 2016. More interesting news about Asanko Gold Inc (TSE:AKG) were released by: Seekingalpha.com and their article: “Asanko Gold: Mining Ahead, But Falling Further Behind” published on October 21, 2016 as well as Seekingalpha.com‘s news article titled: “The Long Case For Asanko Gold Inc.” with publication date: October 09, 2015.

Asanko Gold Inc. is an exploration and development-stage company. The company has a market cap of $914.44 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.TO 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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