Zacks: Brokerages Expect Asanko Gold Inc. (NASDAQ:AKG) to Post -$0.01 EPS

Analysts predict that Asanko Gold Inc. (NASDAQ:AKG) will announce ($0.01) earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Asanko Gold’s earnings. Asanko Gold posted earnings per share of $0.01 in the same quarter last year, which would indicate a negative year-over-year growth rate of 200%. The firm is expected to announce 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 financial year, analysts forecast that the business will report 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 sell-side research analysts that that provide coverage for Asanko Gold.

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

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

Shares of Asanko Gold stock opened at $0.73 on Tuesday. Asanko Gold has a 52-week low of $0.50 and a 52-week high of $1.17. The firm has a fifty day simple moving average of $0.60.

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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