Kirkland Lake Gold Ltd (TSE:KL) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a research report issued on Thursday. They currently have a C$20.00 price objective on the stock, up from their previous price objective of C$19.00. Desjardins’ price objective would indicate a potential upside of 18.69% from the stock’s current price.

KL has been the topic of a number of other research reports. BMO Capital Markets lifted their target price on Kirkland Lake Gold from C$16.75 to C$20.50 in a research report on Monday, October 2nd. Royal Bank Of Canada lifted their target price on Kirkland Lake Gold from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. National Bank Financial reiterated an “outperform” rating and set a C$19.00 target price on shares of Kirkland Lake Gold in a research report on Saturday, September 23rd. Scotiabank set a C$16.50 target price on Kirkland Lake Gold and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Finally, CIBC lifted their target price on Kirkland Lake Gold from C$12.50 to C$14.50 in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Kirkland Lake Gold currently has a consensus rating of “Buy” and a consensus price target of C$17.92.

Shares of Kirkland Lake Gold (TSE KL) traded down 8.87% during mid-day trading on Thursday, hitting $16.85. The stock had a trading volume of 3,231,467 shares. The firm has a market cap of $3.52 billion and a PE ratio of 41.50. Kirkland Lake Gold has a 52-week low of $3.60 and a 52-week high of $18.57. The firm has a 50 day moving average price of $16.20 and a 200 day moving average price of $12.35.

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In related news, Director Eric S. Sprott purchased 600,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of C$13.19 per share, for a total transaction of C$7,914,000.00. Also, Director Raymond Wesley Threlkeld sold 93,500 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of C$13.26, for a total value of C$1,239,810.00. Insiders purchased a total of 1,205,650 shares of company stock worth $16,730,856 in the last 90 days.

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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