Asanko Gold Inc. engages in the exploration, development, and production of gold properties.
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Asanko Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AKG has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: AKG exceeded the Canadian Metals and Mining industry which returned 5.4% over the past year.
Return vs Market: AKG exceeded the Canadian Market which returned 4.5% over the past year.
Price Volatility Vs. Market
How volatile is Asanko Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHow Much Of Asanko Gold Inc. (TSE:AKG) Do Institutions Own?
1 month ago | Simply Wall StHow Many Asanko Gold Inc. (TSE:AKG) Shares Have Insiders Sold, In The Last Year?
1 month ago | Simply Wall StHow Does Investing In Asanko Gold Inc. (TSE:AKG) Impact The Volatility Of Your Portfolio?
Is Asanko Gold undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AKG (CA$1.32) is trading below our estimate of fair value (CA$3.56)
Significantly Below Fair Value: AKG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AKG is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: AKG is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AKG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AKG is overvalued based on its PB Ratio (1.6x) compared to the CA Metals and Mining industry average (1.6x).
How is Asanko Gold forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AKG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).
Earnings vs Market: AKG is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AKG's is expected to become profitable in the next 3 years.
Revenue vs Market: AKG's revenue (12.5% per year) is forecast to grow faster than the Canadian market (4.7% per year).
High Growth Revenue: AKG's revenue (12.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AKG's Return on Equity is forecast to be high in 3 years time
How has Asanko Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AKG is currently unprofitable.
Growing Profit Margin: AKG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AKG is unprofitable, and losses have increased over the past 5 years at a rate of -56.6% per year.
Accelerating Growth: Unable to compare AKG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AKG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).
Return on Equity
High ROE: AKG has a negative Return on Equity (-118.88%), as it is currently unprofitable.
How is Asanko Gold's financial position?
Financial Position Analysis
Short Term Liabilities: AKG's short term assets ($35.8M) exceed its short term liabilities ($2.3M).
Long Term Liabilities: AKG's short term assets ($35.8M) exceed its long term liabilities ($930.0K).
Debt to Equity History and Analysis
Debt Level: AKG is debt free.
Reducing Debt: AKG has no debt compared to 5 years ago when its debt to equity ratio was 15%.
Inventory Level: AKG has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if AKG's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AKG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AKG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Asanko Gold's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AKG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AKG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AKG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AKG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AKG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Greg McCunn (49yo)
Mr. Gregory John McCunn, also known as Greg, BASc, MBA, P.Eng, has been Chief Executive Officer and Director of Asanko Gold Inc. since April 01, 2019. Mr. McCunn served the Chief Executive Officer of Alio ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD663.47K).
Compensation vs Earnings: Greg's compensation has increased whilst the company is unprofitable.
|Executive VP||3.1yrs||US$891.16k||0.058% $171.4k|
|Executive VP & COO||0.5yrs||US$997.99k||no data|
|Director & CEO||0.8yrs||US$927.09k||0.045% $132.0k|
|Senior Vice President of Investor Relations||0.5yrs||no data||no data|
|Senior Vice President of Corporate Development||0.3yrs||no data||no data|
|Executive Chairman of Ghana||0yrs||no data||no data|
|Executive VP & MD of AGGL||0.5yrs||no data||no data|
|Senior Vice President of Technical Services||1.4yrs||no data||no data|
|Executive||0yrs||no data||no data|
Experienced Management: AKG's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
|Director & CEO||0.8yrs||US$927.09k||0.045% $132.0k|
|Independent Director||16yrs||US$80.65k||0.11% $321.0k|
|Independent Chairman of the Board||6yrs||US$142.68k||1.2% $3.6m|
|Independent Director||10.6yrs||US$85.39k||0.018% $52.8k|
|Independent Director||6yrs||US$80.65k||no data|
|Independent Director||10yrs||US$72.89k||0.0077% $22.7k|
|Director||0.08yrs||no data||no data|
Experienced Board: AKG's board of directors are considered experienced (6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AKG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Asanko Gold Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Asanko Gold Inc.
- Ticker: AKG
- Exchange: TSX
- Founded: 1999
- Industry: Gold
- Sector: Materials
- Market Cap: CA$296.201m
- Shares outstanding: 224.39m
- Website: https://www.asanko.com
Number of Employees
- Asanko Gold Inc.
- 1066 West Hastings Street
- Suite 1640
- British Columbia
- V6E 3X1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AKG||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jun 2001|
|B7U||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 2001|
|AKG||AMEX (NYSE MKT LLC)||Yes||Common Shares||US||USD||Jun 2001|
|0UIT||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Jun 2001|
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. The company was formerly known as Keegan Resources Inc. and changed its name to Asanko Gold Inc. in February 2013. Asanko Gold Inc. was incorporated in 1999 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 00:34|
|End of Day Share Price||2020/02/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.