Kirkland Lake Gold Ltd (KL) Receives C$15.52 Average PT from Analysts
Shares of Kirkland Lake Gold Ltd (TSE:KL) have earned a consensus recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$15.52.
KL has been the topic of several recent analyst reports. BMO Capital Markets set a C$15.25 target price on shares of Kirkland Lake Gold and gave the stock an “outperform” rating in a research report on Friday, June 30th. CIBC upped their target price on shares of Kirkland Lake Gold from C$12.50 to C$14.50 in a research report on Tuesday, July 11th. Scotiabank upped their target price on shares of Kirkland Lake Gold from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. National Bank Financial upped their target price on shares of Kirkland Lake Gold from C$15.00 to C$15.35 in a research report on Friday, July 14th. Finally, Royal Bank Of Canada upped their target price on shares of 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.
Shares of Kirkland Lake Gold (TSE KL) traded up 1.55% on Tuesday, reaching $16.36. 314,193 shares of the company were exchanged. The company has a market capitalization of $3.41 billion and a P/E ratio of 40.30. Kirkland Lake Gold has a 52-week low of $3.60 and a 52-week high of $16.96. The stock has a 50 day moving average of $14.81 and a 200-day moving average of $11.51.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.04 annualized dividend and a yield of 0.25%.
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In other Kirkland Lake Gold news, insider Christina Sylvia Je Ouellette purchased 2,200 shares of Kirkland Lake Gold stock in a transaction on Monday, August 14th. The shares were bought at an average price of C$13.28 per share, with a total value of C$29,216.00. Also, Director Brian John Hagan purchased 3,450 shares of Kirkland Lake Gold stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average cost of C$14.91 per share, for a total transaction of C$51,439.50. Insiders acquired 2,125,650 shares of company stock worth $27,752,456 in the last ninety days.
Kirkland Lake Gold Company Profile
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