Kirkland Lake Gold Inc. (KGI) Receives Consensus Rating of “Buy” from Brokerages
Shares of Kirkland Lake Gold Inc. (TSE:KGI) have been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the firm. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$12.10.
Several research firms recently weighed in on KGI. Scotiabank decreased their price target on Kirkland Lake Gold from C$14.25 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, August 11th. M Partners restated a “buy” rating on shares of Kirkland Lake Gold in a report on Monday, July 18th. CIBC increased their target price on Kirkland Lake Gold from C$12.50 to C$13.00 in a research note on Friday, July 15th. Finally, National Bank Financial increased their target price on Kirkland Lake Gold from C$13.50 to C$14.50 in a research note on Wednesday, July 13th.
Kirkland Lake Gold (TSE:KGI) traded down 1.78% during mid-day trading on Monday, reaching $11.58. 642,439 shares of the company traded hands. Kirkland Lake Gold has a 12-month low of $4.51 and a 12-month high of $12.39. The firm has a market capitalization of $1.36 billion and a P/E ratio of 85.78. The company’s 50 day moving average price is $11.52 and its 200 day moving average price is $10.37.
Kirkland Lake Gold Company Profile
Kirkland Lake Gold Inc is an exploration gold mining company. The Company’s properties located in the Kirkland Lake gold camp, including the Macassa Mine Complex, are located near the town of Kirkland Lake, Ontario and consist of approximately five contiguous gold properties known as the Macassa, Lake Shore, Wright-Hargreaves, Teck-Hughes and Kirkland Minerals properties and their respective, formerly producing, underground gold mines.
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