Kirkland Lake Gold (TSE:KL) had its price target lifted by investment analysts at TD Securities from C$26.00 to C$30.00 in a note issued to investors on Friday, May 4th. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 24.43% from the stock’s previous close.
A number of other equities analysts have also recently commented on the company. Scotiabank raised their target price on Kirkland Lake Gold from C$21.50 to C$27.50 and gave the company an “outperform” rating in a report on Wednesday, February 21st. National Bank Financial lifted their price objective on Kirkland Lake Gold from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. BMO Capital Markets lifted their price objective on Kirkland Lake Gold from C$24.50 to C$25.00 in a research note on Wednesday, March 28th. Royal Bank of Canada lifted their price objective on Kirkland Lake Gold from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, CIBC lifted their price objective on Kirkland Lake Gold from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Seven research analysts have rated the stock with a buy rating, Kirkland Lake Gold currently has a consensus rating of “Buy” and a consensus target price of C$26.93.
Shares of Kirkland Lake Gold stock opened at C$24.11 on Friday. Kirkland Lake Gold has a 12 month low of C$9.65 and a 12 month high of C$25.36.
Kirkland Lake Gold (TSE:KL) last announced its earnings results on Wednesday, May 2nd. The company reported C$0.32 EPS for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.03. The firm had revenue of C$250.60 million for the quarter.
In other news, insider Jennifer Laura Wagner sold 40,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of C$20.41, for a total transaction of C$816,400.00.
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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