Kirkland Lake Gold Price Target Raised to C$3.50 at Desjardins (KGI)
Investment analysts at Desjardins lifted their price objective on shares of Kirkland Lake Gold (TSE:KGI) from C$2.50 to C$3.50 in a note issued to investors on Wednesday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Desjardins’ price target points to a potential upside of 2.34% from the company’s current price.
A number of other firms have also recently commented on KGI. Analysts at BMO Capital Markets raised their price target on shares of Kirkland Lake Gold from C$2.25 to C$3.00 in a research note to investors on Wednesday. They now have an “underperform” rating on the stock. Separately, 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. Finally, analysts at CIBC reiterated a “sector perform” rating on shares of Kirkland Lake Gold in a research note to investors on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$74.40.
Kirkland Lake Gold (TSE:KGI) traded up 3.22% 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 posted its quarterly earnings results on Thursday, December 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.07. Analysts expect that Kirkland Lake Gold will post $-0.03 EPS for the current fiscal year.
Kirkland Lake Gold Inc (TSE:KGI) is a gold mining company.
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