Kirkland Lake Gold Ltd (KL) Price Target Raised to C$16.00 at Royal Bank Of Canada

Kirkland Lake Gold Ltd (TSE:KL) had its price target boosted by Royal Bank Of Canada from C$14.00 to C$16.00 in a research note released on Tuesday. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research firms have also issued reports on KL. Scotiabank restated an outperform rating and issued a C$11.50 target price on shares of Kirkland Lake Gold in a report on Thursday, May 11th. CIBC upped their target price on shares of Kirkland Lake Gold from C$12.50 to C$14.50 in a report on Tuesday, July 11th. BMO Capital Markets restated a market perform rating and issued a C$12.75 target price on shares of Kirkland Lake Gold in a report on Thursday, April 13th. Finally, National Bank Financial upped their target price on shares of 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, The stock presently has a consensus rating of Buy and a consensus target price of C$15.52.

Shares of Kirkland Lake Gold (TSE:KL) opened at 13.26 on Tuesday. Kirkland Lake Gold has a 52-week low of $3.60 and a 52-week high of $13.31. The company’s 50-day moving average is $12.23 and its 200 day moving average is $10.47. The firm has a market cap of $2.77 billion and a price-to-earnings ratio of 32.66.

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In other news, Director Eric S. Sprott bought 920,000 shares of Kirkland Lake Gold stock in a transaction on Tuesday, July 4th. The shares were bought at an average cost of C$11.98 per share, for a total transaction of C$11,021,600.00. Also, Director Eric S. Sprott bought 300,000 shares of Kirkland Lake Gold stock in a transaction on Thursday, June 1st. The stock was purchased at an average price of C$10.07 per share, for a total transaction of C$3,021,000.00. Over the last 90 days, insiders acquired 2,220,000 shares of company stock worth $24,081,625.

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