BMO Capital Markets Analysts Give Kirkland Lake Gold Ltd (TSE:KL) a C$15.25 Price Target

Kirkland Lake Gold Ltd (TSE:KL) has been given a C$15.25 price target by equities researchers at BMO Capital Markets in a research note issued to investors on Friday, June 30th. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 18.03% from the company’s current price.

KL has been the subject of a number of other reports. Scotiabank reaffirmed an “outperform” rating and issued a C$11.50 target price on shares of Kirkland Lake Gold in a research note on Thursday, May 11th. Royal Bank Of Canada increased their price objective on shares of Kirkland Lake Gold from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 18th. Finally, CIBC increased their target price on shares of Kirkland Lake Gold from C$11.00 to C$12.50 in a research report on Thursday, April 13th. Four equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of C$14.92.

Shares of Kirkland Lake Gold (TSE:KL) traded down 1.97% during midday trading on Friday, reaching $12.92. The company’s stock had a trading volume of 856,001 shares. The stock has a market capitalization of $2.66 billion and a PE ratio of 41.81. The stock has a 50-day moving average price of $11.62 and a 200 day moving average price of $10.15. Kirkland Lake Gold has a 52 week low of $6.33 and a 52 week high of $13.18.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/07/31/kirkland-lake-gold-ltd-tsekl-pt-set-at-c15-25-by-bmo-capital-markets-updated-updated-updated.html.

In other news, insider Philip Chow Yee purchased 32,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was acquired at an average price of C$9.05 per share, with a total value of C$289,600.00. Also, Director Arnold Klassen purchased 10,000 shares of the company’s stock in a transaction on Monday, May 8th. The shares were purchased at an average cost of C$9.02 per share, with a total value of C$90,200.00. In the last three months, insiders bought 2,262,000 shares of company stock worth $24,461,425.

Receive News & Stock Ratings for Kirkland Lake Gold Ltd Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Kirkland Lake Gold Ltd and related stocks with our FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

seventeen − 13 =