Kirkland Lake Gold Ltd (KL) Stock Rating Reaffirmed by National Bank Financial
Kirkland Lake Gold Ltd (TSE:KL)‘s stock had its “outperform” rating reiterated by equities researchers at National Bank Financial in a report issued on Saturday. They currently have a C$19.00 price objective on the stock. National Bank Financial’s target price indicates a potential upside of 16.92% from the company’s previous close.
Several other brokerages have also recently weighed in on KL. Royal Bank Of Canada boosted their target price on Kirkland Lake Gold from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Scotiabank set a C$16.50 target price on Kirkland Lake Gold and gave the stock an “outperform” rating in a report on Wednesday, August 9th. BMO Capital Markets set a C$15.25 target price on Kirkland Lake Gold and gave the stock an “outperform” rating in a report on Friday, June 30th. Finally, CIBC boosted their target price on Kirkland Lake Gold from C$12.50 to C$14.50 in a report on Tuesday, July 11th. Five analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of C$16.25.
Shares of Kirkland Lake Gold (TSE KL) opened at 16.25 on Friday. The firm’s 50-day moving average price is $14.81 and its 200-day moving average price is $11.51. The stock has a market capitalization of $3.39 billion and a P/E ratio of 40.02. Kirkland Lake Gold has a 12 month low of $3.60 and a 12 month high of $16.96.
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In related news, insider Christina Sylvia Je Ouellette bought 2,200 shares of the stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of C$13.28 per share, for a total transaction of C$29,216.00. Also, Director Eric S. Sprott bought 920,000 shares of the stock in a transaction dated Tuesday, July 4th. The shares were bought at an average price of C$11.98 per share, for a total transaction of C$11,021,600.00. Over the last 90 days, insiders have bought 2,125,650 shares of company stock worth $27,752,456.
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