Kirkland Lake Gold (KL) Given a C$24.50 Price Target at BMO Capital Markets
Kirkland Lake Gold (TSE:KL) has been given a C$24.50 price objective by stock analysts at BMO Capital Markets in a note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 22.68% from the company’s previous close.
Several other research analysts have also recently commented on the stock. Scotiabank raised shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$17.50 to C$19.00 in a report on Friday, November 3rd. Desjardins cut shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating and raised their target price for the stock from C$19.00 to C$20.00 in a report on Thursday, October 12th. Royal Bank of Canada lifted their price objective on shares of Kirkland Lake Gold from C$16.00 to C$21.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. CIBC lifted their price objective on shares of Kirkland Lake Gold from C$16.00 to C$19.00 in a research note on Friday, October 13th. Finally, National Bank Financial reissued an “outperform” rating and issued a C$19.00 price objective on shares of Kirkland Lake Gold in a research note on Saturday, September 23rd. Seven equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of C$23.50.
Kirkland Lake Gold (TSE:KL) traded down C$0.77 during trading on Friday, reaching C$19.97. 1,012,610 shares of the company’s stock traded hands, compared to its average volume of 755,034. The company has a market cap of $4,140.00 and a PE ratio of 44.38. Kirkland Lake Gold has a 52-week low of C$8.16 and a 52-week high of C$20.97.
In related news, insider Philip Chow Yee bought 6,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were purchased at an average price of C$17.02 per share, for a total transaction of C$102,120.00.
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