June 18, 2019 / 1:46 PM / 5 months ago

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

** HC Wainwright & Co starts coverage of Canada-based gold miner’s U.S.-listed shares 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 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)

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