Kirkland Lake Gold Price Target Lowered to GBX 263 at Panmure Gordon (KGI)
Stock analysts at Panmure Gordon dropped their price objective on shares of Kirkland Lake Gold (LON:KGI) from GBX 300 ($5.15) to GBX 263 ($4.51) in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Panmure Gordon’s target price would indicate a potential upside of 30.85% from the company’s current price.
Kirkland Lake Gold (LON:KGI) traded down 1.95% on Wednesday, hitting GBX 201.00. 2,100 shares of the company’s stock traded hands. Kirkland Lake Gold has a 52-week low of GBX 135.00 and a 52-week high of GBX 272.90. The stock’s 50-day moving average is GBX 173.1 and its 200-day moving average is GBX 181.6.
Separately, analysts at Investec downgraded shares of Kirkland Lake Gold to a “hold” rating in a research note on Thursday, April 10th. They now have a GBX 200 ($3.43) price target on the stock.
Kirkland Lake Gold Inc is a Canada-based gold mining company. The Company owns the Macassa Mine and Mill and four contiguous formerly producing gold mining properties.
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