Insider Buying: Kirkland Lake Gold Ltd (KL) Director Buys 1,050 Shares of Stock
Kirkland Lake Gold Ltd (TSE:KL) Director Jeffrey Scott Parr acquired 1,050 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average price of C$17.87 per share, for a total transaction of C$18,763.50.
Shares of Kirkland Lake Gold Ltd (TSE:KL) traded down C$0.73 during mid-day trading on Thursday, reaching C$17.50. 756,073 shares of the company’s stock were exchanged, compared to its average volume of 1,204,921. Kirkland Lake Gold Ltd has a twelve month low of C$6.33 and a twelve month high of C$19.06.
A number of research analysts recently weighed in on KL shares. BMO Capital Markets increased their price objective on shares of Kirkland Lake Gold from C$16.75 to C$20.50 in a research report on Monday, October 2nd. Scotiabank upgraded shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$17.50 to C$19.00 in a research report on Friday, November 3rd. Desjardins cut shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating and upped their target price for the company from C$19.00 to C$20.00 in a report on Thursday, October 12th. Royal Bank of Canada upped their target price on shares of Kirkland Lake Gold from C$16.00 to C$21.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, CIBC upped their target price on shares of Kirkland Lake Gold from C$16.00 to C$19.00 in a report on Friday, October 13th. Six investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of C$20.42.
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