Asanko Gold (AKG) has an average broker rating of 2, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Asanko Gold (AKG) : The consensus price target for Asanko Gold (AKG) is $3.09 for the short term with a standard deviation of $1.15. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $2.
Also, RBC Capital downgrades its rating on Asanko Gold (NYSEMKT:AKG). Analysts at the RBC Capital have a current rating of Sector Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on June 9, 2016.
Asanko Gold (NYSEMKT:AKG): The stock opened in the green at $4.23 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $4.4726 and a low of $4.17 for the day. The stock did not find buyers even at the lows and closed at $4.21 recording a loss of -0.24%. 542,275 shares exchanged hands during the trading day. The stock had closed at $4.22 in the previous days trading.
Asanko Gold Inc. (Asanko) is a Canada-based exploration and development stage company. The Companys primary asset is its Asanko Gold Mine Project located on the Asankrangwa gold belt in Ghana. In addition to its principal project, the Company holds a portfolio of other Ghanaian gold concessions in various stages of exploration. The Asanko Gold Mine Project is located in the Amansie West district of the Ashanti region of Ghana, approximately 250 kilometer northwest of the capital Accra, and about 50 to 80 kilometer southwest of the regional capital of Kumasi. The Company is developing Asanko Gold Mine Project in two Phases. The Phase I consists of Nkran pit, which accounts for 85% of the Phase I ore reserves, and four satellite deposits, Abore, Asuadai, Dynamite Hill and Adubiaso.