Brokerages Set Kirkland Lake Gold Ltd (KL) Price Target at $20.42

Kirkland Lake Gold Ltd (TSE:KL) has received an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$20.42.

Several research analysts recently weighed in on KL shares. BMO Capital Markets increased their price objective on Kirkland Lake Gold from C$16.75 to C$20.50 in a research report on Monday, October 2nd. Scotiabank upgraded Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$17.50 to C$19.00 in a research report on Friday, November 3rd. Desjardins lowered Kirkland Lake Gold from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$19.00 to C$20.00 in a research report on Thursday, October 12th. Royal Bank Of Canada raised their price target on Kirkland Lake Gold from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Finally, CIBC raised their price target on Kirkland Lake Gold from C$16.00 to C$19.00 in a research report on Friday, October 13th.

In other Kirkland Lake Gold news, Director Eric S. Sprott purchased 200,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were bought at an average cost of C$15.72 per share, for a total transaction of C$3,144,000.00.

Shares of Kirkland Lake Gold (TSE:KL) traded down C$0.42 during trading on Friday, hitting C$17.49. The company’s stock had a trading volume of 888,270 shares, compared to its average volume of 1,214,075. Kirkland Lake Gold has a fifty-two week low of C$6.33 and a fifty-two week high of C$19.06.

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