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.
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.
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