The Scotiabank Lowers Asanko Gold Inc (AKG) Price Target to C$4.50

The Scotiabank Lowers Asanko Gold Inc (AKG) Price Target to C$4.50

Several other brokerages have also commented on AKG. Canaccord Genuity upgraded shares of Asanko Gold from a “hold” rating to a “buy” rating and decreased their price objective for the stock from C$5.50 to C$5.00 in a report on Monday, February 27th. Royal Bank of Canada decreased their price objective on shares of Asanko Gold from C$5.00 to C$4.75 and set a “sector perform” rating for the company in a report on Wednesday, April 19th. BMO Capital Markets decreased their price objective on shares of Asanko Gold from C$5.00 to C$4.50 in a report on Friday, March 17th. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$5.25 price objective on shares of Asanko Gold in a report on Friday, February 24th. Finally, CIBC decreased their price objective on shares of Asanko Gold from C$4.50 to C$3.85 in a report on Friday, May 5th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$4.56.

Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) had its target price dropped by research analysts at Scotiabank from C$5.75 to C$4.50 in a report released on Thursday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 112.26% from the stock’s current price.

Shares of Asanko Gold (AKG) opened at 2.12 on Thursday. Asanko Gold has a 1-year low of $1.75 and a 1-year high of $6.09. The firm has a 50-day moving average of $3.01 and a 200 day moving average of $3.85. The company’s market capitalization is $431.31 million.

About Asanko Gold

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:AKG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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