Kirkland Lake Gold Ltd (KL) Receives C$46.73 Consensus Price Target from Analysts
Kirkland Lake Gold Ltd (TSE:KL) has earned an average rating of “Buy” from the eleven research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$46.73.
Several research firms recently commented on KL. BMO Capital Markets reaffirmed a “market perform” rating and set a C$50.00 target price on shares of Kirkland Lake Gold in a research note on Monday, February 25th. Royal Bank of Canada raised their target price on Kirkland Lake Gold from C$42.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. National Bank Financial raised their target price on Kirkland Lake Gold from C$48.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Friday, February 22nd. Eight Capital cut Kirkland Lake Gold from a “buy” rating to a “neutral” rating and raised their target price for the stock from C$46.00 to C$51.25 in a research note on Friday, February 22nd. Finally, TD Securities cut Kirkland Lake Gold from a “buy” rating to a “hold” rating and raised their target price for the stock from C$52.00 to C$55.00 in a research note on Friday, February 22nd.
TSE KL opened at C$46.99 on Friday. Kirkland Lake Gold has a one year low of C$22.42 and a one year high of C$48.48. The company has a market cap of $9.32 billion and a P/E ratio of 29.74. The company has a quick ratio of 1.86, a current ratio of 2.08 and a debt-to-equity ratio of 1.61.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.34%. Kirkland Lake Gold’s dividend payout ratio (DPR) is presently 6.67%.
About Kirkland Lake Gold
Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia.
Further Reading: Percentage Gainers
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