A number of firms have modified their ratings and price targets on shares of Kirkland Lake Gold (NYSE: KL) recently:

  • 9/29/2017 – Kirkland Lake Gold is now covered by analysts at Desjardins. They set a “buy” rating on the stock.
  • 9/21/2017 – Kirkland Lake Gold was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Kirkland Lake Gold Ltd. engages in the provision of mining and mineral exploration. It focuses on gold assets primarily in Macassa Mine Complex, the Taylor Mine located in northeastern Ontario and the Fosterville Gold Mine located in the state of Victoria, Australia. Kirkland Lake Gold Ltd. is headquartered in Toronto, Canada. “
  • 9/21/2017 – Kirkland Lake Gold had its “outperform market weight” rating reaffirmed by analysts at National Bank Financial.
  • 9/20/2017 – Kirkland Lake Gold was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Kirkland Lake Gold Ltd. engages in the provision of mining and mineral exploration. It focuses on gold assets primarily in Macassa Mine Complex, the Taylor Mine located in northeastern Ontario and the Fosterville Gold Mine located in the state of Victoria, Australia. Kirkland Lake Gold Ltd. is headquartered in Toronto, Canada. “
  • 9/7/2017 – Kirkland Lake Gold had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada.

Kirkland Lake Gold Ltd. (NYSE KL) traded down 2.81% during midday trading on Thursday, hitting $13.16. The stock had a trading volume of 766,168 shares. The company’s 50-day moving average price is $11.22 and its 200 day moving average price is $8.58. Kirkland Lake Gold Ltd. has a 12-month low of $4.74 and a 12-month high of $13.73. The stock has a market cap of $2.75 billion and a P/E ratio of 33.74.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.008 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.03 annualized dividend and a yield of 0.24%. Kirkland Lake Gold’s dividend payout ratio (DPR) is currently 10.71%.

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