Asanko Gold (AKG) Stock Rating Reaffirmed by BMO Capital Markets

Asanko Gold (NYSEAMERICAN:AKG) (TSE:AKG)‘s stock had its “hold” rating reiterated by equities researchers at BMO Capital Markets in a research report issued to clients and investors on Monday.

Several other equities analysts have also commented on the company. Zacks Investment Research lowered Asanko Gold from a “hold” rating to a “strong sell” rating in a report on Friday, November 9th. Canaccord Genuity reaffirmed a “hold” rating on shares of Asanko Gold in a report on Monday, October 22nd.

NYSEAMERICAN AKG traded down $0.06 on Monday, hitting $0.63. 802,100 shares of the stock traded hands, compared to its average volume of 606,958. Asanko Gold has a twelve month low of $0.48 and a twelve month high of $1.38.



Asanko Gold (NYSEAMERICAN:AKG) (TSE:AKG) last announced its quarterly earnings data on Thursday, November 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $30.67 million during the quarter.

A number of hedge funds have recently modified their holdings of the stock. Donald Smith & CO. Inc. grew its holdings in Asanko Gold by 4.0% in the 3rd quarter. Donald Smith & CO. Inc. now owns 21,232,924 shares of the basic materials company’s stock worth $17,135,000 after buying an additional 817,167 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Asanko Gold by 2.4% during the 3rd quarter. Franklin Resources Inc. now owns 13,228,575 shares of the basic materials company’s stock valued at $10,439,000 after acquiring an additional 315,000 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Asanko Gold by 4.3% during the 2nd quarter. Van ECK Associates Corp now owns 11,414,103 shares of the basic materials company’s stock valued at $12,213,000 after acquiring an additional 475,728 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Asanko Gold by 9.0% during the 3rd quarter. Renaissance Technologies LLC now owns 4,250,309 shares of the basic materials company’s stock valued at $3,430,000 after acquiring an additional 350,209 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Asanko Gold by 68.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,986,000 shares of the basic materials company’s stock valued at $2,144,000 after acquiring an additional 806,300 shares during the last quarter.

About Asanko Gold

Asanko Gold Inc engages in the exploration, development, and production of gold properties. Its principal project is the Asanko Gold Mine, which consists of two gold projects, such as the Obotan Project and the Esaase Project located in the Amansie West District of the Republic of Ghana, West Africa.

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