Cormark Research Analysts Decrease Earnings Estimates for Asanko Gold Inc (AKG)

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Asanko Gold Inc (TSE:AKG) (NYSEMKT:AKG) – Analysts at Cormark lowered their Q3 2018 earnings estimates for Asanko Gold in a report released on Tuesday, October 16th, according to Zacks Investment Research. Cormark analyst T. Breytenbach now expects that the company will earn $0.00 per share for the quarter, down from their prior forecast of $0.03.

Separately, Canaccord Genuity lowered their price objective on Asanko Gold from C$1.50 to C$1.10 in a research report on Thursday, October 18th.

Shares of AKG traded down C$0.05 during mid-day trading on Wednesday, reaching C$0.97. 120,700 shares of the company were exchanged, compared to its average volume of 357,335. Asanko Gold has a 52 week low of C$0.55 and a 52 week high of C$1.79.

Asanko Gold Company Profile

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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Earnings History and Estimates for Asanko Gold (TSE:AKG)

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