Kirkland Lake Gold Ltd (KL) Receives Average Rating of “Buy” from Analysts

Kirkland Lake Gold Ltd (TSE:KL) has been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$23.50.

A number of research firms have commented on KL. Scotiabank upgraded Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$17.50 to C$19.00 in a research report on Friday, November 3rd. Royal Bank of Canada lifted their target price on Kirkland Lake Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday. CIBC lifted their target price on Kirkland Lake Gold from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets set a C$24.50 target price on Kirkland Lake Gold and gave the company an “outperform” rating in a research report on Friday. Finally, National Bank Financial lifted their target price on Kirkland Lake Gold from C$21.00 to C$24.00 and gave the company an “outperform” rating in a research report on Thursday.

Kirkland Lake Gold (KL) opened at C$19.89 on Monday. The firm has a market capitalization of $4,140.00 and a price-to-earnings ratio of 44.20. Kirkland Lake Gold has a 12 month low of C$8.32 and a 12 month high of C$20.97.

Kirkland Lake Gold (TSE:KL) last released its quarterly earnings data on Thursday, November 2nd. The company reported C$0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.27 by C($0.09).

In other Kirkland Lake Gold news, insider Philip Chow Yee acquired 6,000 shares of the stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of C$17.02 per share, with a total value of C$102,120.00.

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