Asanko Gold Inc (TSE:AKG) – Research analysts at Clarus Securities lowered their FY2016 EPS estimates for shares of Asanko Gold in a report released on Thursday. Clarus Securities analyst N. Sangmuah now anticipates that the brokerage will post earnings of $0.01 per share for the year, down from their previous forecast of $0.06. Clarus Securities also issued estimates for Asanko Gold’s FY2017 earnings at $0.34 EPS and FY2018 earnings at $0.44 EPS.
Several other equities analysts also recently issued reports on the stock. Scotiabank reissued an “outperform” rating and set a C$7.50 price objective on shares of Asanko Gold in a research note on Friday, October 14th. BMO Capital Markets reissued an “outperform” rating and set a C$6.50 price objective on shares of Asanko Gold in a research note on Friday, September 16th. Canaccord Genuity upped their price objective on shares of Asanko Gold from C$6.00 to C$6.75 in a research note on Tuesday, July 12th. Finally, Raymond James Financial Inc. upped their price objective on shares of Asanko Gold from C$5.00 to C$6.75 in a research note on Monday, June 27th.
Shares of Asanko Gold (TSE:AKG) opened at 4.98 on Monday. Asanko Gold has a 12-month low of $1.77 and a 12-month high of $6.09. The firm’s market cap is $1.00 billion. The company has a 50-day moving average of $5.31 and a 200 day moving average of $4.88.
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