BMO Capital Markets Raises Kirkland Lake Gold (KL) Price Target to C$35.00

Kirkland Lake Gold (TSE:KL) had its price objective upped by BMO Capital Markets from C$32.50 to C$35.00 in a report issued on Wednesday morning.

Other research analysts also recently issued research reports about the stock. Eight Capital reissued a neutral rating and issued a C$25.00 target price on shares of Kirkland Lake Gold in a research note on Wednesday, September 12th. Pi Financial raised shares of Kirkland Lake Gold from a neutral rating to a buy rating and boosted their target price for the company from C$24.50 to C$28.50 in a research note on Friday, September 28th. Desjardins boosted their target price on shares of Kirkland Lake Gold from C$34.00 to C$35.00 in a research note on Monday, November 12th. National Bank Financial boosted their target price on shares of Kirkland Lake Gold from C$34.00 to C$37.00 and gave the company an outperform rating in a research note on Monday, December 3rd. Finally, CIBC boosted their target price on shares of Kirkland Lake Gold from C$36.00 to C$40.00 in a research note on Wednesday, December 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of C$37.31.

TSE:KL opened at C$35.22 on Wednesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.68 and a current ratio of 2.00. Kirkland Lake Gold has a 52-week low of C$16.54 and a 52-week high of C$36.12.

Kirkland Lake Gold (TSE:KL) last released its quarterly earnings results on Tuesday, October 30th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing the 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, research analysts forecast that Kirkland Lake Gold will post 1.40000001626961 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 11th. Shareholders of record on Friday, January 11th were issued a $0.04 dividend. This is a boost from Kirkland Lake Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, December 28th. This represents a $0.16 annualized dividend and a yield of 0.45%. Kirkland Lake Gold’s payout ratio is 7.83%.

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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Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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