Scotiabank Boosts Kirkland Lake Gold Ltd (TSE:KL) Price Target to C$13.00
Other analysts have also recently issued reports about the stock. CIBC lifted their target price on shares of Kirkland Lake Gold from C$11.00 to C$12.50 in a research note on Thursday, April 13th. BMO Capital Markets reaffirmed a market perform rating and issued a C$12.00 target price on shares of Kirkland Lake Gold in a research note on Wednesday, March 29th. Finally, Royal Bank Of Canada lifted their target price on shares of Kirkland Lake Gold from C$11.00 to C$13.00 and gave the stock an outperform rating in a research note on Tuesday, April 18th. Four analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus price target of C$14.22.
Shares of Kirkland Lake Gold (TSE:KL) opened at 11.70 on Wednesday. The firm’s 50-day moving average price is $10.64 and its 200 day moving average price is $9.47. Kirkland Lake Gold has a 1-year low of $6.33 and a 1-year high of $12.48. The stock has a market capitalization of $2.41 billion and a price-to-earnings ratio of 37.86.
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In related news, Director Eric S. Sprott purchased 920,000 shares of the firm’s stock in a transaction on Tuesday, July 4th. The shares were bought at an average price of C$11.98 per share, for a total transaction of C$11,021,600.00. Also, Director Arnold Klassen purchased 10,000 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was bought at an average price of C$9.02 per share, for a total transaction of C$90,200.00. In the last quarter, insiders acquired 2,262,000 shares of company stock worth $24,461,425.
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