Kirkland Lake Gold Ltd (KL) Price Target Raised to C$20.50
Kirkland Lake Gold Ltd (TSE:KL) had its target price raised by BMO Capital Markets from C$16.75 to C$20.50 in a report issued on Monday. BMO Capital Markets’ price objective points to a potential upside of 27.09% from the stock’s current price.
KL has been the topic of a number of other reports. CIBC raised 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. National Bank Financial raised their target price on shares of Kirkland Lake Gold from C$15.00 to C$15.35 in a report on Friday, July 14th. Desjardins restated a “buy” rating and issued a C$19.00 target price on shares of Kirkland Lake Gold in a research note on Friday. Scotiabank increased their price target on Kirkland Lake Gold from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada raised their price target on Kirkland Lake Gold from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$17.58.
Kirkland Lake Gold (TSE KL) traded up 0.75% on Monday, reaching $16.20. The company’s stock had a trading volume of 429,462 shares. The firm’s 50 day moving average price is $14.81 and its 200-day moving average price is $11.51. Kirkland Lake Gold has a 52 week low of $3.60 and a 52 week high of $16.96. The company has a market capitalization of $3.38 billion and a price-to-earnings ratio of 39.90.
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In related news, Director Eric S. Sprott purchased 920,000 shares of Kirkland Lake Gold stock in a transaction dated Tuesday, July 4th. The stock was bought at an average cost of C$11.98 per share, with a total value of C$11,021,600.00. Also, Director Eric S. Sprott purchased 600,000 shares of Kirkland Lake Gold stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of C$13.19 per share, with a total value of C$7,914,000.00. Insiders have acquired a total of 2,125,650 shares of company stock worth $27,752,456 in the last ninety days.
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