Kirkland Lake Gold Given New C$6.30 Price Target at M Partners (KGI)
M Partners hoisted their target price on shares of Kirkland Lake Gold (TSE:KGI) from C$5.70 to C$6.30 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. M Partners’ price target would indicate a potential upside of 20.69% from the stock’s previous close.
Shares of Kirkland Lake Gold (TSE:KGI) traded up 3.07% on Tuesday, hitting $5.38. 281,408 shares of the company’s stock traded hands. Kirkland Lake Gold has a one year low of $2.21 and a one year high of $5.345. The stock’s 50-day moving average is $4. and its 200-day moving average is $3.63. The company’s market cap is $387.8 million.
Kirkland Lake Gold (TSE:KGI) last released its earnings data on Thursday, July 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. Analysts expect that Kirkland Lake Gold will post $0.28 EPS for the current fiscal year.
A number of other firms have also recently commented on KGI. Analysts at CIBC raised their price target on shares of Kirkland Lake Gold from C$3.00 to C$3.50 in a research note on Tuesday, July 22nd. They now have an “underperform” rating on the stock. 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. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Kirkland Lake Gold has a consensus rating of “Hold” and a consensus price target of C$74.08.
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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