Kirkland Lake Gold (KGI) Posts Quarterly Results
Kirkland Lake Gold (TSE:KGI) released its earnings data on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01, AnalystRatingsNetwork reports.
A number of analysts have recently weighed in on KGI shares. Analysts at BMO Capital Markets raised their price target on shares of Kirkland Lake Gold from C$2.75 to C$3.25 in a research note on Wednesday, June 25th. They now have an “underperform” rating on the stock. On a related note, analysts at National Bank Financial initiated coverage on shares of Kirkland Lake Gold in a research note on Monday, May 12th. They set an “outperform” rating and a C$4.35 price target on the stock. Finally, analysts at CIBC reiterated an “underperform” rating on shares of Kirkland Lake Gold in a research note on Thursday, May 8th. They now have a C$3.00 price target on the stock, down previously from C$3.50. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$90.90.
Shares of Kirkland Lake Gold (TSE:KGI) opened at 3.89 on Thursday. Kirkland Lake Gold has a 1-year low of $2.21 and a 1-year high of $5.05. The stock’s 50-day moving average is $3.21 and its 200-day moving average is $3.34. The company’s market cap is $272.9 million.
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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