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.
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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.
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