18:05:39 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Asanko Gold Inc
Symbol AKG
Shares Issued 199,033,107
Close 2016-10-26 C$ 5.24
Market Cap C$ 1,042,933,481
Recent Sedar Documents

Post says analysts like look of Barrick, others

2016-10-26 06:50 ET - In the News

See In the News (C-ABX) Barrick Gold Corp

The Financial Post reports in its Wednesday edition that as prices on gold miners have pulled back, including quality names like Barrick Gold, Raymond James analysts believe this may be a good time to load up. The Post's John Shmuel, writing in Trading Desk, quotes the broker as saying, "We continue to believe the current environment supports a positive backdrop for continued momentum in precious metals, driven principally by the uncertainty regarding a near-term interest rate hike in the U.S. and other macroeconomic pressures which we believe will transcend into 2017." The analysts say that their preferred gold equities are Agnico Eagle Mines, Asanko Gold, B2Gold, Detour Gold, Eldorado Gold, Integra Gold, Oceanagold, Roxgold and Victoria Gold. For silver, Raymond James likes Silver Wheaton and MAG Silver. "We continue to recommend investors maintain exposure with core positions in top quality names, taking advantage of short-term opportunities created by valuation dislocations, potential upcoming catalysts and impending market re-ratings," the analysts write. Raymond James maintains a gold and silver price outlook of $1,400 an ounce and $20 an ounce, respectively.

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