Pi Financial Boosts Kirkland Lake Gold (KL) Price Target to C$30.75

Kirkland Lake Gold (TSE:KL) had its target price increased by Pi Financial from C$28.50 to C$30.75 in a report released on Wednesday morning.

KL has been the subject of a number of other research reports. Desjardins raised their price objective on Kirkland Lake Gold from C$34.00 to C$35.00 in a research note on Monday, November 12th. Royal Bank of Canada raised their price objective on Kirkland Lake Gold from C$26.00 to C$32.00 and gave the company an outperform rating in a research note on Wednesday, August 8th. National Bank Financial raised their price objective on Kirkland Lake Gold from C$33.50 to C$34.00 and gave the company an outperform rating in a research note on Thursday, August 2nd. Finally, Eight Capital reissued a neutral rating and issued a C$25.00 price objective on shares of Kirkland Lake Gold in a research note on Wednesday, September 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Kirkland Lake Gold currently has a consensus rating of Buy and an average price target of C$31.42.

Shares of Kirkland Lake Gold stock opened at C$25.83 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 2.00 and a debt-to-equity ratio of 2.23. Kirkland Lake Gold has a 52 week low of C$16.54 and a 52 week high of C$30.94.

Kirkland Lake Gold (TSE:KL) last announced its quarterly earnings data on Tuesday, October 30th. The company reported C$0.37 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.40 by C($0.03). The business had revenue of C$291.05 million during the quarter. Sell-side analysts predict that Kirkland Lake Gold will post 1.35999999158546 EPS for the current fiscal year.

In related news, Director Jeffrey Scott Parr bought 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were bought at an average price of C$23.94 per share, with a total value of C$131,670.00.

Kirkland Lake Gold Company Profile

Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates four underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria, Australia, as well as three milling facilities in Canada and Australia.

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Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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