Analyst Rating Update on Asanko Gold (AKG)

Asanko Gold (NYSEMKT:AKG) has an average broker rating of 1.75, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 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 4, which is also a Sell.

Asanko Gold (NYSEMKT:AKG) : Currently there are 2 street experts covering Asanko Gold (NYSEMKT:AKG) stock. The most bullish and bearish price target for the stock is $4 and $2 respectively for the short term. The average price target of all the analysts comes to $3.09. The estimated standard deviation from the target is $1.15.

For the current week, the company shares have a recommendation consensus of Buy.

Asanko Gold (NYSEMKT:AKG): stock turned positive on Tuesday. Though the stock opened at $4.04, the bulls momentum made the stock top out at $4.31 level for the day. The stock recorded a low of $4.04 and closed the trading day at $4.17, in the green by 0.48%. The total traded volume for the day was 837,530. The stock had closed at $4.15 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.

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