Kirkland Lake Gold (TSE:KL) Price Target Raised to C$65.00
Kirkland Lake Gold (TSE:KL) had its target price lifted by National Bank Financial from C$63.00 to C$65.00 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Other analysts have also recently issued reports about the company. Eight Capital boosted their price target on Kirkland Lake Gold from C$53.00 to C$70.00 in a research report on Thursday, August 8th. TD Securities boosted their price target on Kirkland Lake Gold from C$53.00 to C$55.00 and gave the stock a hold rating in a research report on Thursday, May 9th. CIBC boosted their price target on Kirkland Lake Gold from C$58.00 to C$64.00 in a research report on Monday, July 15th. Desjardins boosted their price objective on shares of Kirkland Lake Gold from C$48.00 to C$54.50 in a report on Wednesday, July 17th. Finally, Canaccord Genuity restated a buy rating and issued a C$60.00 price objective on shares of Kirkland Lake Gold in a report on Thursday, June 6th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of C$59.81.
Shares of KL opened at C$58.59 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 2.03 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average price is C$58.35 and its 200-day moving average price is C$48.78. Kirkland Lake Gold has a 52 week low of C$22.42 and a 52 week high of C$65.45. The stock has a market cap of $12.31 billion and a P/E ratio of 32.92.
Kirkland Lake Gold Company Profile
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.
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