Kirkland Lake Gold (KL) Given New C$27.50 Price Target at Scotiabank

Kirkland Lake Gold (TSE:KL) had its target price upped by Scotiabank from C$21.50 to C$27.50 in a research report sent to investors on Wednesday. They currently have an outperform rating on the stock.

Several other research firms have also recently commented on KL. Desjardins raised Kirkland Lake Gold from a hold rating to a buy rating and boosted their target price for the stock from C$20.00 to C$24.00 in a research note on Monday, November 27th. National Bank Financial boosted their target price on Kirkland Lake Gold from C$21.00 to C$24.00 and gave the stock an outperform rating in a research note on Thursday, January 18th. BMO Capital Markets set a C$24.50 target price on Kirkland Lake Gold and gave the stock an outperform rating in a research note on Friday, January 19th. Royal Bank of Canada boosted their target price on Kirkland Lake Gold from C$16.00 to C$21.00 and gave the stock an outperform rating in a research note on Friday, November 10th. Finally, CIBC boosted their target price on Kirkland Lake Gold from C$22.00 to C$24.00 and gave the stock an outperform rating in a research note on Thursday, January 18th. Six research analysts have rated the stock with a buy rating, Kirkland Lake Gold has a consensus rating of Buy and a consensus target price of C$25.50.

Kirkland Lake Gold (TSE:KL) opened at C$19.75 on Wednesday. Kirkland Lake Gold has a one year low of C$8.38 and a one year high of C$20.97. The company has a market capitalization of $4,260.00 and a price-to-earnings ratio of 31.35.

Kirkland Lake Gold (TSE:KL) last released its earnings results on Wednesday, February 21st. The company reported C$0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.29 by C$0.14. The company had revenue of C$269.72 million for the quarter.

In other Kirkland Lake Gold news, insider Philip Chow Yee acquired 6,000 shares of the stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of C$17.02 per share, with a total value of C$102,120.00.

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Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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