Asanko Gold Inc. (AKG) saw a big move on Friday, as the company’s shares fell nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for AKG as the stock is now up about 15% in the past one-month time frame.

The gold mining company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

AKG currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include Agnico Eagle Mines Limited (AEM), Alamos Gold Inc. (AGI) and DRDGOLD Ltd. (DRD). While Agnico Eagle Mines holds a Zacks Rank #1 (Strong Buy), Alamos Gold and DRDGOLD Group carry a Zacks Rank #2 (Buy).

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ASANKO GOLD INC (AKG): Free Stock Analysis Report

AGNICO EAGLE MINES LTD (AEM): Free Stock Analysis Report

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