Other analysts also recently issued reports about the company. Royal Bank of Canada lifted their target price on Kirkland Lake Gold from C$38.00 to C$40.00 and gave the stock an outperform rating in a research report on Thursday, January 10th. Eight Capital lifted their target price on Kirkland Lake Gold from C$42.50 to C$45.00 in a research report on Tuesday. Roth Capital reiterated a buy rating on shares of Kirkland Lake Gold in a research report on Thursday, January 3rd. TD Securities raised their price target on Kirkland Lake Gold from C$43.00 to C$45.00 and gave the company a buy rating in a research note on Wednesday, January 9th. Finally, Desjardins raised their price target on Kirkland Lake Gold from C$35.00 to C$38.00 in a research note on Wednesday, December 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of C$38.14.
KL stock opened at C$35.87 on Tuesday. Kirkland Lake Gold has a fifty-two week low of C$16.54 and a fifty-two week high of C$36.12. The company has a debt-to-equity ratio of 2.23, a current ratio of 2.00 and a quick ratio of 1.68.
The company also recently declared a quarterly dividend, which was paid on Friday, January 11th. Stockholders of record on Friday, January 11th were paid a dividend of $0.04 per share. The ex-dividend date was Friday, December 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. This is a positive change from Kirkland Lake Gold’s previous quarterly dividend of $0.03. Kirkland Lake Gold’s dividend payout ratio (DPR) is currently 7.83%.
About Kirkland Lake Gold
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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