Kirkland Lake Gold (KL) PT Raised to C$25.00

Kirkland Lake Gold (TSE:KL) had its price target lifted by analysts at Royal Bank of Canada from C$23.00 to C$25.00 in a research note issued on Thursday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 23.76% from the stock’s current price.

KL has been the topic of several other reports. Scotiabank upgraded shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$17.50 to C$19.00 in a research note on Friday, November 3rd. National Bank Financial increased their target price on shares of 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 shares of Kirkland Lake Gold and gave the stock an “outperform” rating in a research note on Friday, January 19th. CIBC increased their target price on shares of 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. Finally, Desjardins upgraded shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating and increased their target price for the stock from C$20.00 to C$24.00 in a research note on Monday, November 27th. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$25.50.

Kirkland Lake Gold (KL) traded up C$0.69 during midday trading on Thursday, reaching C$20.20. 816,713 shares of the company’s stock traded hands, compared to its average volume of 815,796. Kirkland Lake Gold has a fifty-two week low of C$8.38 and a fifty-two week high of C$20.97. The stock has a market cap of $4,050.00 and a PE ratio of 44.89.

In related news, insider Philip Chow Yee purchased 6,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average price of C$17.02 per share, with a total value of C$102,120.00.

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