Kirkland Lake Gold Ltd. (NYSE:KL) has received a consensus broker rating score of 2.00 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Brokers have set a one year consensus target price of $17.33 for the company, according to Zacks. Zacks has also given Kirkland Lake Gold an industry rank of 192 out of 265 based on the ratings given to related companies.

Several research firms have issued reports on KL. Royal Bank Of Canada restated an “outperform” rating on shares of Kirkland Lake Gold in a research report on Thursday, September 7th. National Bank Financial reissued an “outperform market weight” rating on shares of Kirkland Lake Gold in a research note on Thursday, September 21st. Zacks Investment Research lowered shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. Desjardins assumed coverage on shares of Kirkland Lake Gold in a research note on Friday, September 29th. They set a “buy” rating for the company. Finally, Scotiabank raised shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, November 2nd.

A number of large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp acquired a new position in Kirkland Lake Gold in the third quarter valued at approximately $310,368,000. U S Global Investors Inc. bought a new stake in shares of Kirkland Lake Gold during the third quarter worth $19,512,000. Hillsdale Investment Management Inc. bought a new stake in shares of Kirkland Lake Gold during the third quarter worth $17,982,000. Ninepoint Partners LP bought a new stake in shares of Kirkland Lake Gold during the third quarter worth $15,020,000. Finally, American Century Companies Inc. acquired a new position in Kirkland Lake Gold during the third quarter worth $11,880,000. Hedge funds and other institutional investors own 41.45% of the company’s stock.

Shares of Kirkland Lake Gold (KL) traded up $0.10 during trading on Friday, hitting $14.44. The stock had a trading volume of 614,138 shares, compared to its average volume of 508,228. The company has a quick ratio of 1.32, a current ratio of 1.59 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2,997.12 and a P/E ratio of 24.90. Kirkland Lake Gold has a 12 month low of $4.74 and a 12 month high of $15.19.

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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.

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