Shares of Kirkland Lake Gold Ltd. (NYSE:KL) have earned a consensus broker rating score of 2.00 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

Analysts have set a 1-year consensus price target of $17.33 for the company, according to Zacks. Zacks has also given Kirkland Lake Gold an industry rank of 110 out of 265 based on the ratings given to related companies.

A number of equities analysts have issued reports on KL shares. Desjardins cut Kirkland Lake Gold from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Zacks Investment Research cut Kirkland Lake Gold from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Thursday, November 9th. Scotiabank raised Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, November 2nd. National Bank Financial reiterated an “outperform market weight” rating on shares of Kirkland Lake Gold in a research report on Thursday, September 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Kirkland Lake Gold in a research report on Thursday, September 7th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new stake in shares of Kirkland Lake Gold in the 3rd quarter valued at about $199,000. U S Global Investors Inc. bought a new stake in shares of Kirkland Lake Gold in the 3rd quarter valued at about $19,512,000. Jane Street Group LLC bought a new stake in shares of Kirkland Lake Gold in the 3rd quarter valued at about $3,826,000. Magnetar Financial LLC bought a new stake in shares of Kirkland Lake Gold in the 3rd quarter valued at about $473,000. Finally, Royce & Associates LP bought a new stake in shares of Kirkland Lake Gold in the 3rd quarter valued at about $1,993,000. Hedge funds and other institutional investors own 41.45% of the company’s stock.

Kirkland Lake Gold (NYSE:KL) opened at $13.92 on Friday. Kirkland Lake Gold has a fifty-two week low of $4.74 and a fifty-two week high of $15.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.59 and a quick ratio of 1.32. The stock has a market capitalization of $2,830.00 and a PE ratio of 23.48.

ILLEGAL ACTIVITY WARNING: “Zacks: Kirkland Lake Gold Ltd. (KL) Receives Average Recommendation of “Buy” from Analysts” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/12/09/zacks-kirkland-lake-gold-ltd-kl-receives-average-recommendation-of-buy-from-analysts.html.

About Kirkland Lake Gold

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.

Get a free copy of the Zacks research report on Kirkland Lake Gold (KL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Kirkland Lake Gold Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland Lake Gold Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.