Kirkland Lake Gold Ltd (KL) Receives Consensus Rating of “Buy” from Brokerages

Shares of Kirkland Lake Gold Ltd (TSE:KL) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$20.42.

Several analysts recently weighed in on KL shares. CIBC upped their price objective on Kirkland Lake Gold from C$16.00 to C$19.00 in a research report on Friday, October 13th. BMO Capital Markets upped their price objective on Kirkland Lake Gold from C$16.75 to C$20.50 in a research report on Monday, October 2nd. Desjardins restated a “buy” rating and set a C$19.00 price objective on shares of Kirkland Lake Gold in a research report on Friday, September 29th. Royal Bank Of Canada upped their price objective on Kirkland Lake Gold from C$16.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Scotiabank restated an “outperform” rating and set a C$19.00 price objective on shares of Kirkland Lake Gold in a research report on Thursday, November 9th.

In other news, Director Eric S. Sprott bought 200,000 shares of the stock in a transaction on Monday, September 18th. The stock was acquired at an average price of C$15.72 per share, with a total value of C$3,144,000.00.

Shares of Kirkland Lake Gold (KL) opened at C$18.34 on Friday. Kirkland Lake Gold has a 1 year low of C$6.33 and a 1 year high of C$19.06.

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About Kirkland Lake Gold

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