Panmure Gordon Reaffirms “Buy” Rating for Kirkland Lake Gold (KGI)
Kirkland Lake Gold (LON:KGI)‘s stock had its “buy” rating restated by equities research analysts at Panmure Gordon in a research note issued to investors on Tuesday. They currently have a GBX 263 ($4.35) price objective on the stock. Panmure Gordon’s target price suggests a potential downside of 1.87% from the company’s current price.
Separately, analysts at Investec raised their price target on shares of Kirkland Lake Gold from GBX 200 ($3.31) to GBX 209 ($3.46) in a research note on Thursday, July 10th. They now have a “hold” rating on the stock.
Shares of Kirkland Lake Gold (LON:KGI) traded down 2.72% on Tuesday, hitting GBX 268.00. 11,234 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 284.00. The stock has a 50-day moving average of GBX 224. and a 200-day moving average of GBX 196.8.
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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