Raymond James Downgrades Asanko Gold to Hold

By Carrie Williams

Asanko Gold (NYSE: AKG) received a Hold rating from Raymond James analyst Chris Thompson today. The company’s shares opened today at $0.95, close to its 52-week low of $0.78.

Thompson has an average return of 9.5% when recommending Asanko Gold.

According to TipRanks.com, Thompson is ranked #3224 out of 4706 analysts.

Asanko Gold has an analyst consensus of Hold.

Asanko Gold’s market cap is currently $195.3M and has a P/E ratio of 41.03. The company has a book value ratio of 0.4478.

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Asanko Gold, Inc. engages in the acquisition and exploration of mineral resources in West Ghana. Its projects include Esaase Gold and Asumura Gold. The company was founded by Ivan James Bebek and Shawn Kristen Wallace on September 23, 1999 and is headquartered in Vancouver, Canada.