Analysts Expect Asanko Gold Inc. (NASDAQ:AKG) Will Post Earnings of -$0.01 Per Share

Wall Street brokerages predict that Asanko Gold Inc. (NASDAQ:AKG) will post earnings per share (EPS) of ($0.01) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Asanko Gold’s earnings. Asanko Gold reported earnings per share of $0.01 in the same quarter last year, which suggests a negative year over year growth rate of 200%. The company is expected to issue its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Asanko Gold will report full year earnings of ($0.04) per share for the current year, with EPS estimates ranging from ($0.09) to $0.07. For the next financial year, analysts anticipate that the firm will post earnings of $0.09 per share, with EPS estimates ranging from $0.03 to $0.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Asanko Gold.

Asanko Gold (NASDAQ:AKG) last posted its earnings results on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01).

Separately, HC Wainwright reaffirmed a “buy” rating on shares of CytoDyn in a report on Tuesday, June 18th.

Shares of NASDAQ:AKG traded up $0.01 during trading on Tuesday, hitting $0.74. 191,546 shares of the company traded hands, compared to its average volume of 386,148. The stock has a fifty day simple moving average of $0.60. Asanko Gold has a one year low of $0.50 and a one year high of $1.15.

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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