Kirkland Lake Gold (KL) Given New C$37.00 Price Target at National Bank Financial

Kirkland Lake Gold (TSE:KL) had its price target lifted by National Bank Financial from C$34.00 to C$37.00 in a research report issued to clients and investors on Monday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 26.63% from the stock’s current price.

KL has been the topic of a number of other research reports. Pi Financial raised Kirkland Lake Gold from a “neutral” rating to a “buy” rating and increased their price target for the company from C$24.50 to C$28.50 in a research note on Friday, September 28th. Royal Bank of Canada increased their price target on Kirkland Lake Gold from C$26.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, August 8th. Desjardins increased their price target on Kirkland Lake Gold from C$34.00 to C$35.00 in a research note on Monday, November 12th. Finally, Eight Capital reissued a “neutral” rating and issued a C$25.00 price target on shares of Kirkland Lake Gold in a research note on Wednesday, September 12th. Seven analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of C$32.67.

KL stock opened at C$29.22 on Monday. The company has a quick ratio of 1.68, a current ratio of 2.00 and a debt-to-equity ratio of 2.23. Kirkland Lake Gold has a twelve month low of C$16.54 and a twelve month high of C$30.94.

Kirkland Lake Gold (TSE:KL) last posted its quarterly earnings results on Tuesday, October 30th. The company reported C$0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.40 by C($0.03). The firm had revenue of C$291.05 million during the quarter. As a group, sell-side analysts anticipate that Kirkland Lake Gold will post 1.2899999357695 earnings per share for the current fiscal year.

In other Kirkland Lake Gold news, Director Jeffrey Scott Parr acquired 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were acquired at an average price of C$23.94 per share, with a total value of C$131,670.00.

About Kirkland Lake Gold

Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates four underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria, Australia, as well as three milling facilities in Canada and Australia.

See Also: What is the LIBOR?

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

Receive News & Ratings for Kirkland Lake Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland Lake Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


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