Asanko Gold (NYSEMKT:AKG) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.75 by 4 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. 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) stock has received a short term price target of $ 3.09 from 2 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $1.15. The higher estimate of target price is $4 , while the lower price target estimate is $2
Asanko Gold (NYSEMKT:AKG) witnessed a decline in the market cap on Tuesday as its shares dropped 3.77% or 0.16 points. After the session commenced at $4.11, the stock reached the higher end at $4.155 while it hit a low of $4.02. With the volume soaring to 870,526 shares, the last trade was called at $4.08. The company has a 52-week high of $4.53. The company has a market cap of $804 million and there are 197,033,110 shares in outstanding. The 52-week low of the share price is $1.27.
Shares of Asanko Gold Inc. rose by 0.74% in the last five trading days and 14.93% for the last 4 weeks. Asanko Gold Inc. is up 69.29% in the last 3-month period. Year-to-Date the stock performance stands at 179.45%.
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.