Kirkland Lake Gold Ltd. (NYSE:KL) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued on Thursday, The Fly reports.

KL has been the topic of a number of other research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Kirkland Lake Gold in a research report on Thursday, September 7th. Desjardins lowered Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. National Bank Financial reissued an “outperform market weight” rating on shares of Kirkland Lake Gold in a research report on Thursday, September 21st. Finally, Zacks Investment Research lowered Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $14.00.

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Large investors have recently bought and sold shares of the business. APG Asset Management N.V. acquired a new position in shares of Kirkland Lake Gold during the 3rd quarter worth approximately $1,871,000. Canada Pension Plan Investment Board acquired a new position in shares of Kirkland Lake Gold during the 3rd quarter worth approximately $4,633,000. Finally, American Century Companies Inc. acquired a new position in shares of Kirkland Lake Gold during the 3rd quarter worth approximately $11,880,000. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

Kirkland Lake Gold Company Profile

Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia.

The Fly

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