Kirkland Lake Gold Ltd. (NYSE:KL) was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued on Thursday.

Other analysts have also recently issued research reports about the stock. National Bank Financial reiterated an “outperform market weight” rating on shares of Kirkland Lake Gold in a research note on Thursday, September 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kirkland Lake Gold in a research note on Thursday, September 7th. Desjardins assumed coverage on shares of Kirkland Lake Gold in a research note on Friday, September 29th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research cut shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $14.00.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. APG Asset Management N.V. purchased a new stake in shares of Kirkland Lake Gold during the 3rd quarter valued at about $1,871,000. Canada Pension Plan Investment Board purchased a new stake in shares of Kirkland Lake Gold during the 3rd quarter valued at about $4,633,000. Finally, American Century Companies Inc. purchased a new stake in shares of Kirkland Lake Gold during the 3rd quarter valued at about $11,880,000. Hedge funds and other institutional investors own 0.88% of the company’s stock.

Kirkland Lake Gold Company Profile

Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia.

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