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Research analysts at BMO Capital Markets increased their target price on shares of Kirkland Lake Gold (TSE:KGI) from C$2.25 to C$3.00 in a report released on Wednesday, AnalystRatingsNetwork reports. The firm currently has an “underperform” rating on the stock. BMO Capital Markets’ price target indicates a potential downside of 12.28% from the company’s current price.

Shares of Kirkland Lake Gold (TSE:KGI) traded up 3.22% during mid-day trading on Wednesday, hitting $3.53. 248,598 shares of the company’s stock traded hands. Kirkland Lake Gold has a 52-week low of $2.21 and a 52-week high of $6.93. The stock’s 50-day moving average is $2.87 and its 200-day moving average is $3.35. The company’s market cap is $247.6 million.

Kirkland Lake Gold (TSE:KGI) last announced its earnings results on Thursday, December 12th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.07. Analysts expect that Kirkland Lake Gold will post $-0.03 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on KGI. Analysts at CIBC cut their price target on shares of Kirkland Lake Gold from C$4.00 to C$3.50 in a research note to investors on Tuesday, January 7th. They now have a “sector perform” rating on the stock. Separately, analysts at Desjardins downgraded shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 13th. They now have a C$3.00 price target on the stock, down previously from C$6.00. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$74.40.

Kirkland Lake Gold Inc (TSE:KGI) is a gold mining company.

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