Kirkland Lake Gold’s “Buy” Rating Reaffirmed at Panmure Gordon (KGI)
Kirkland Lake Gold (LON:KGI)‘s stock had its “buy” rating restated by equities researchers at Panmure Gordon in a research report issued on Thursday, AR Network reports. They currently have a GBX 389 ($6.18) price target on the stock. Panmure Gordon’s target price would suggest a potential upside of 77.63% from the stock’s previous close.
Kirkland Lake Gold (LON:KGI) opened at 241.00 on Thursday. Kirkland Lake Gold has a 1-year low of GBX 180.00 and a 1-year high of GBX 775.00. The stock has a 50-day moving average of GBX 245.6 and a 200-day moving average of GBX 271.8.
Several other analysts have also recently commented on the stock. Analysts at Investec cut their price target on shares of Kirkland Lake Gold (LON:KGI) from GBX 380 ($6.03) to GBX 377 ($5.99) in a research note to investors on Friday, August 23rd. They now have a “buy” rating on the stock.
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