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A statement released earlier today by Raymond James about Asanko Gold (TSE:AKG) bumps down the target price to $3.00

Having a price of $1.11, Asanko Gold (TSE:AKG) traded 0.81% higher on the day. With the last close down -36.24% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the same period. Asanko Gold has recorded a 50-day average of $1.25 and a two hundred day average of $1.94. Volume of trade was down over the average, with 99,374 shares of AKG changing hands under the typical 665,411

Stating a potential upside of 1.70%, Raymond James dropped the price target of Asanko Gold (TSE:AKG) to $3.00

On Friday October 20, 2017, BMO Capital Markets released a statement on Asanko Gold (TSE:AKG) upped the target price from $0.00 to $2.00 that suggested an upside of 0.63%.

Performance Chart

Asanko Gold (TSE:AKG)

Asanko Gold has a 52 week low of $0.99 and a 52 week high of $5.47 with a P/E ratio of 23.40 The company’s market cap is currently $0.

In addition to Raymond James reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $4.56 with 1 firm rating the stock a strong buy, 4 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Asanko Gold (TSE:AKG)

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. The Company is involved in open pit mining and conventional processing of gold ores mined in its Asanko Gold Mine in Ghana. The AGM concessions are located in the Amansie West district of the Ashanti region of Ghana. The Company holds four mining leases, as well as prospecting and reconnaissance licenses, which collectively make up the AGM and span approximately 30 kilometers strike length of the Asankrangwa Gold Belt. The Akwasiso deposit is located on the Nkran shear corridor. The Nkran Extension is located on the Nkran shear structure.

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