Asanko Gold (NYSEAMERICAN:AKG) (TSE:AKG) posted its earnings results on Thursday. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, Fidelity Earnings reports. The firm had revenue of $30.67 million for the quarter.
AKG stock opened at $0.73 on Friday. Asanko Gold has a fifty-two week low of $0.43 and a fifty-two week high of $1.38.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Asanko Gold from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Canaccord Genuity reiterated a “hold” rating on shares of Asanko Gold in a research note on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $1.00.
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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