Kirkland Lake Gold Ltd (TSE:KL) was downgraded by research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report issued on Thursday. They currently have a C$17.50 price target on the stock, up from their prior price target of C$17.00. Scotiabank’s price target would indicate a potential upside of 3.86% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Desjardins downgraded Kirkland Lake Gold from a “buy” rating to a “hold” rating and lifted their target price for the company from C$19.00 to C$20.00 in a research note on Thursday. CIBC lifted their target price on Kirkland Lake Gold from C$12.50 to C$14.50 in a research note on Tuesday, July 11th. National Bank Financial lifted their target price on Kirkland Lake Gold from C$15.00 to C$15.35 in a research note on Friday, July 14th. Royal Bank Of Canada lifted their target price on Kirkland Lake Gold from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, August 17th. Finally, BMO Capital Markets set a C$15.25 target price on Kirkland Lake Gold and gave the company an “outperform” rating in a research note on Friday, June 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$17.92.

Kirkland Lake Gold (KL) traded down 8.87% on Thursday, hitting $16.85. 3,231,467 shares of the stock traded hands. The stock has a 50-day moving average price of $16.20 and a 200 day moving average price of $12.35. The company has a market cap of $3.52 billion and a price-to-earnings ratio of 41.50. Kirkland Lake Gold has a 1-year low of $3.60 and a 1-year high of $18.57.

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In other Kirkland Lake Gold news, Director Eric S. Sprott acquired 600,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of C$13.19 per share, for a total transaction of C$7,914,000.00. Also, Director Eric S. Sprott acquired 200,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average price of C$15.72 per share, with a total value of C$3,144,000.00. In the last quarter, insiders bought 1,205,650 shares of company stock valued at $16,730,856.

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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