Scotiabank Lowers Kirkland Lake Gold Ltd (KL) to Sector Perform

Kirkland Lake Gold Ltd (TSE:KL) was downgraded by equities research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday. They currently have a C$17.50 target price on the stock, up from their previous target price of C$17.00. Scotiabank’s price target indicates a potential downside of 5.35% from the company’s previous close.

Other analysts also recently issued research reports about the company. National Bank Financial restated an “outperform” rating and set a C$19.00 target price on shares of Kirkland Lake Gold in a research note on Saturday, September 23rd. BMO Capital Markets set a C$15.25 target price on Kirkland Lake Gold and gave the company an “outperform” rating in a research note on Friday, June 30th. Royal Bank Of Canada increased their target price on Kirkland Lake Gold from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, August 17th. Desjardins restated a “buy” rating and set a C$19.00 target price on shares of Kirkland Lake Gold in a research note on Friday, September 29th. Finally, CIBC increased their target price on Kirkland Lake Gold from C$12.50 to C$14.50 in a research note on Tuesday, July 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Kirkland Lake Gold presently has an average rating of “Buy” and a consensus price target of C$17.92.

Shares of Kirkland Lake Gold (TSE:KL) traded down 9.03% during trading on Thursday, hitting $16.82. The company’s stock had a trading volume of 2,429,667 shares. The firm’s 50 day moving average is $16.14 and its 200-day moving average is $12.32. The company has a market capitalization of $3.51 billion and a P/E ratio of 41.43. Kirkland Lake Gold has a 1-year low of $3.60 and a 1-year high of $18.57.

ILLEGAL ACTIVITY NOTICE: “Scotiabank Lowers Kirkland Lake Gold Ltd (KL) to Sector Perform” was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.com-unik.info/2017/10/12/scotiabank-lowers-kirkland-lake-gold-ltd-kl-to-sector-perform.html.

In other Kirkland Lake Gold news, Director Raymond Wesley Threlkeld sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of C$13.29, for a total value of C$119,610.00. Also, Director Eric S. Sprott acquired 600,000 shares of Kirkland Lake Gold stock in a transaction on Thursday, August 10th. The stock was purchased at an average price of C$13.19 per share, with a total value of C$7,914,000.00. In the last 90 days, insiders have purchased 1,205,650 shares of company stock valued at $16,730,856.

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

What are top analysts saying about Kirkland Lake Gold Ltd? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Kirkland Lake Gold Ltd and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit