Analysts Set Kirkland Lake Gold Ltd (KL) Price Target at $29.88

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Shares of Kirkland Lake Gold Ltd (TSE:KL) have received a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$29.88.

Several research firms have recently weighed in on KL. CIBC lifted their target price on shares of Kirkland Lake Gold from C$31.00 to C$36.00 in a research note on Tuesday, July 10th. BMO Capital Markets lifted their target price on shares of Kirkland Lake Gold from C$28.00 to C$32.50 in a research note on Wednesday, July 11th. National Bank Financial lifted their target price on shares of Kirkland Lake Gold from C$29.00 to C$33.50 in a research note on Saturday, July 14th. Royal Bank of Canada lifted their target price on shares of Kirkland Lake Gold from C$26.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. Finally, Pi Financial upgraded shares of Kirkland Lake Gold from a “neutral” rating to a “buy” rating and lifted their target price for the stock from C$24.50 to C$28.50 in a research note on Friday, September 7th.

In other news, Director Jeffrey Scott Parr acquired 5,500 shares of Kirkland Lake Gold stock in a transaction that occurred on Tuesday, September 11th. The stock was bought at an average price of C$23.94 per share, with a total value of C$131,670.00.

TSE KL traded up C$0.04 during trading hours on Friday, reaching C$24.93. 489,700 shares of the company were exchanged, compared to its average volume of 771,833. Kirkland Lake Gold has a 1 year low of C$14.76 and a 1 year high of C$30.94.

Kirkland Lake Gold (TSE:KL) last posted its quarterly earnings data on Wednesday, August 1st. The company reported C$0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.01). The company had revenue of C$277.03 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.12 annualized dividend and a dividend yield of 0.48%.

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.

Read More: Book Value Per Share – BVPS

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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