02:15:05 EST Wed 12 Nov 2025
Enter Symbol
or Name
USA
CA



Asanko Gold Inc
Symbol AKG
Shares Issued 174,075,607
Close 2014-12-22 C$ 1.60
Market Cap C$ 278,520,971
Recent Sedar Documents

Post says GDXJ rebalancing hits Asanko, others

2014-12-23 09:25 ET - In the News

Also In the News (C-MDW) Midway Gold Corp
Also In the News (C-PG) Premier Gold Mines Ltd
Also In the News (C-RMX) Rubicon Minerals Corp
Also In the News (C-TXG) Torex Gold Resources Inc

The Financial Post reports in its Tuesday edition the Market Vectors Junior Gold Miners Exchange Traded Fund ETF (GDXJ) rebalanced its holdings on Dec. 19 and the changes had a significant impact on several junior gold miners. The Post's Jonathan Ratner, writing in Trading Desk, says several junior miners -- including Asanko, Rubicon Minerals, Premier Gold Mines, Torex and Midway -- had their weightings reduced, and their share prices declined on heavy volume as a result. Canaccord Genuity analyst Joe Mazumdar left his speculative buy rating on all five stocks unchanged, telling clients that the downward pressure they are facing is not related to the market or company-specific issues, only the rebalancing. Some of the producers that were added include Iamgold, Alamos and AuRico. The additions to the GDXJ boosted its proportion of producers to about 80 per cent of the total holdings, and also increased the weighting in silver to 18 per cent while reducing gold to 82 per cent. Mr. Mazumdar also highlighted the boost in exposure to U.S.-listed companies at the expense of Canada and Australia. The rebalanced portfolio is, however, 40 per cent higher than the current value of the June, 2014, portfolio.

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