Eric S. Sprott Purchases 600,000 Shares of Kirkland Lake Gold Ltd (TSE:KL) Stock
Kirkland Lake Gold Ltd (TSE:KL) Director Eric S. Sprott bought 600,000 shares of Kirkland Lake Gold stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of C$13.19 per share, with a total value of C$7,914,000.00.
Kirkland Lake Gold Ltd (TSE:KL) traded up 0.68% on Monday, reaching $13.35. 679,466 shares of the company traded hands. The stock has a 50-day moving average price of $12.28 and a 200-day moving average price of $10.52. Kirkland Lake Gold Ltd has a 52-week low of $6.33 and a 52-week high of $13.49. The firm has a market cap of $2.79 billion and a P/E ratio of 32.88.
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KL has been the subject of several research reports. Scotiabank reiterated an “outperform” rating and issued a C$11.50 target price on shares of Kirkland Lake Gold in a research note on Thursday, May 11th. National Bank Financial increased their target price on shares of Kirkland Lake Gold from C$15.00 to C$15.35 in a research note on Friday, July 14th. Royal Bank Of Canada increased their target price on shares of Kirkland Lake Gold from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday, April 18th. BMO Capital Markets set a C$15.25 target price on shares of Kirkland Lake Gold and gave the company an “outperform” rating in a research note on Friday, June 30th. Finally, CIBC increased their price target on shares of Kirkland Lake Gold from C$12.50 to C$14.50 in a research report on Tuesday, July 11th. Four analysts have rated the stock with a buy rating, Kirkland Lake Gold presently has an average rating of “Buy” and an average target price of C$15.52.
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