Scotiabank Raises Kirkland Lake Gold Ltd (TSE:KL) Price Target to C$16.50
Kirkland Lake Gold Ltd (TSE:KL) had its price objective hoisted by Scotiabank from C$13.00 to C$16.50 in a report published on Friday morning. The firm currently has an outperform rating on the stock.
Several other brokerages have also recently commented on KL. CIBC boosted their target price on Kirkland Lake Gold from C$12.50 to C$14.50 in a report on Tuesday, July 11th. Royal Bank Of Canada boosted their target price on Kirkland Lake Gold from C$11.00 to C$13.00 and gave the stock an outperform rating in a report on Tuesday, April 18th. BMO Capital Markets reissued a market perform rating and set a C$12.75 target price on shares of Kirkland Lake Gold in a report on Thursday, April 13th. Finally, National Bank Financial boosted their target price on Kirkland Lake Gold from C$15.00 to C$15.35 in a report on Friday, July 14th. Four equities research analysts have rated the stock with a buy rating, Kirkland Lake Gold has an average rating of Buy and a consensus target price of C$14.92.
Shares of Kirkland Lake Gold (KL) opened at 12.92 on Friday. Kirkland Lake Gold has a 12-month low of $6.33 and a 12-month high of $13.18. The company has a 50 day moving average price of $11.62 and a 200-day moving average price of $10.15. The firm has a market cap of $2.66 billion and a PE ratio of 41.81.
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In related news, Director Arnold Klassen purchased 10,000 shares of the company’s stock in a transaction on Monday, May 8th. The shares were bought at an average price of C$9.02 per share, with a total value of C$90,200.00. Also, insider Philip Chow Yee purchased 32,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was bought at an average cost of C$9.05 per share, for a total transaction of C$289,600.00. In the last three months, insiders have purchased 2,262,000 shares of company stock worth $24,461,425.
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