Desjardins restated their buy rating on shares of Kirkland Lake Gold Ltd (TSE:KL) in a research report sent to investors on Friday. The firm currently has a C$19.00 price target on the stock.

KL has been the subject of a number of other reports. National Bank Financial reissued an outperform rating and issued a C$19.00 price target on shares of Kirkland Lake Gold in a research report on Saturday, September 23rd. Royal Bank Of Canada boosted their price target on shares of Kirkland Lake Gold from C$14.00 to C$16.00 and gave the company an outperform rating in a research report on Thursday, August 17th. Scotiabank set a C$16.50 price target on shares of Kirkland Lake Gold and gave the company an outperform rating in a research report on Wednesday, August 9th. CIBC boosted 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. Finally, BMO Capital Markets set a C$15.25 price target on shares of Kirkland Lake Gold and gave the company an outperform rating in a research report on Friday, June 30th. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target of C$16.71.

Kirkland Lake Gold (KL) traded down 0.43% during mid-day trading on Friday, reaching $16.08. The company’s stock had a trading volume of 658,430 shares. The company’s 50-day moving average price is $14.81 and its 200 day moving average price is $11.51. The firm has a market capitalization of $3.36 billion and a price-to-earnings ratio of 39.61. Kirkland Lake Gold has a 52 week low of $3.60 and a 52 week high of $16.96.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.25%.

In other Kirkland Lake Gold news, Director Eric S. Sprott bought 920,000 shares of Kirkland Lake Gold stock in a transaction dated Tuesday, July 4th. The stock was acquired 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 bought 200,000 shares of Kirkland Lake Gold stock in a transaction dated Monday, September 18th. The stock was acquired at an average cost of C$15.72 per share, with a total value of C$3,144,000.00. Insiders bought 2,125,650 shares of company stock valued at $27,752,456 over the last ninety days.

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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