Kirkland Lake Gold Ltd (KL) Earns “Outperform” Rating from National Bank Financial
Kirkland Lake Gold Ltd (TSE:KL)‘s stock had its “outperform” rating reaffirmed by research analysts at National Bank Financial in a research report issued to clients and investors on Saturday. They presently have a C$19.00 price objective on the stock. National Bank Financial’s price objective suggests a potential upside of 16.92% from the stock’s previous close.
A number of other brokerages have also commented on KL. Royal Bank Of Canada raised their price objective on shares of Kirkland Lake Gold from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Scotiabank set a C$16.50 price objective on shares of Kirkland Lake Gold and gave the stock an “outperform” rating in a report on Wednesday, August 9th. BMO Capital Markets set a C$15.25 price objective on shares of Kirkland Lake Gold and gave the stock an “outperform” rating in a report on Friday, June 30th. Finally, CIBC raised their price objective on shares of Kirkland Lake Gold from C$12.50 to C$14.50 in a report on Tuesday, July 11th. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of C$16.25.
Kirkland Lake Gold (KL) opened at 16.25 on Friday. Kirkland Lake Gold has a 12-month low of $3.60 and a 12-month high of $16.96. The company has a market cap of $3.39 billion and a PE ratio of 40.02. The firm has a 50 day moving average price of $14.81 and a 200 day moving average price of $11.51.
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In other news, Director Eric S. Sprott acquired 920,000 shares of the stock in a transaction dated Tuesday, July 4th. The shares were bought at an average cost of C$11.98 per share, for a total transaction of C$11,021,600.00. Also, Director Brian John Hagan acquired 3,450 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of C$14.91 per share, for a total transaction of C$51,439.50. Insiders acquired a total of 2,125,650 shares of company stock worth $27,752,456 over the last quarter.
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