The stock of Asanko Gold Inc (TSE:AKG) is a huge mover today! About 196,193 shares traded hands. Asanko Gold Inc (TSE:AKG) has risen 45.00% since April 26, 2016 and is uptrending. It has outperformed by 39.77% the S&P500.
The move comes after 5 months negative chart setup for the $979.22M company. It was reported on Nov, 30 by Barchart.com. We have $4.63 PT which if reached, will make TSE:AKG worth $48.96M less.
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 14.58% above today’s ($4.87) stock price. Asanko Gold has been the topic of 13 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Scotia Capital given on Friday, October 14. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, December 22. The rating was maintained by Scotia Capital on Tuesday, November 22 with “Outperform”. The firm earned “Outperform” rating on Friday, November 4 by Scotia Capital. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, September 16.
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: “The Long Case For Asanko Gold Inc.” on October 09, 2015. Seekingalpha.com‘s news article titled: “Asanko Gold: More Upside On The Horizon” with publication date: October 19, 2016 was also an interesting one.
Asanko Gold Inc. is an exploration and development-stage company. The company has a market cap of $979.22 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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