Kirkland Lake Gold Ltd (KL) Given Average Recommendation of “Buy” by Analysts
Shares of Kirkland Lake Gold Ltd (TSE:KL) have been assigned an average rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is C$20.42.
Several equities analysts have recently weighed in on the company. Desjardins upgraded Kirkland Lake Gold from a “hold” rating to a “buy” rating and raised their price target for the company from C$20.00 to C$24.00 in a report on Monday, November 27th. National Bank Financial restated an “outperform” rating and set a C$19.00 price target on shares of Kirkland Lake Gold in a report on Saturday, September 23rd. CIBC raised their price target on Kirkland Lake Gold from C$16.00 to C$19.00 in a report on Friday, October 13th. Scotiabank downgraded Kirkland Lake Gold from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$17.00 to C$17.50 in a report on Thursday, October 12th. Finally, Royal Bank of Canada raised their price target on Kirkland Lake Gold from C$16.00 to C$21.00 and gave the company an “outperform” rating in a report on Friday, November 10th.
Kirkland Lake Gold (TSE KL) opened at C$19.18 on Thursday. The stock has a market capitalization of $3,870.00 and a price-to-earnings ratio of 42.62. Kirkland Lake Gold has a twelve month low of C$6.60 and a twelve month high of C$19.26.
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Kirkland Lake Gold Company Profile
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