-$0.01 Earnings Per Share Expected for Asanko Gold Inc. (NASDAQ:AKG) This Quarter

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Wall Street brokerages forecast that Asanko Gold Inc. (NASDAQ:AKG) will announce earnings of ($0.01) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Asanko Gold’s earnings. Asanko Gold reported earnings per share of $0.01 in the same quarter last year, which would suggest a negative year over year growth rate of 200%. The business is expected to issue its next earnings report on Thursday, August 1st.

On average, analysts expect that Asanko Gold will report full-year earnings of ($0.04) per share for the current fiscal year, with EPS estimates ranging from ($0.09) to $0.07. For the next year, analysts expect that the company will post earnings of $0.09 per share, with EPS estimates ranging from $0.03 to $0.15. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Asanko Gold.

Asanko Gold (NASDAQ:AKG) last announced its earnings results on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01).

Separately, HC Wainwright reiterated a “buy” rating on shares of CytoDyn in a research report on Tuesday, June 18th.

Shares of AKG stock traded up $0.01 on Tuesday, hitting $0.74. The stock had a trading volume of 191,546 shares, compared to its average volume of 386,148. Asanko Gold has a 12-month low of $0.50 and a 12-month high of $1.15. The company’s 50 day moving average is $0.60.

About Asanko Gold

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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