Asanko Gold: Comfortably positioned to achieve organic growth - HC Wainwright

Galiano Gold

18/06/2019 14:41

** HC Wainwright & Co starts coverage of Canada-based gold
miner's U.S.-listed shares  AKG.N  with "buy" and price target
of $1.60
    ** Brokerage says gold production at Asanko Gold mine has
steadily increased since starting in 2016
    ** AKG has JV with Gold Fields Ltd  GFIJ.J  for Asanko Gold
mine in Ghana; brokerage says Gold Fields is a strong partner
that would help develop asset further amid co's shift to
increase cash flow
    ** Considering co's strong operational foundation, co is
positioned to achieve organic growth and increase shareholder
value - HC Wainwright
    ** Up to Monday's close, U.S.-listed stock had fallen ~19%
YTD

 (Reporting by Debroop Roy in Bengaluru)
 ((Reuters Messaging:
debroop.roy.thomsonreuters.com@reuters.net))