Kirkland Lake Gold Ltd (TSE:KL) has received a consensus rating of “Buy” from the six research firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$16.25.

KL has been the topic of a number of recent research reports. CIBC lifted their price objective on shares of Kirkland Lake Gold from C$12.50 to C$14.50 in a report on Tuesday, July 11th. Scotiabank set a C$16.50 price objective on shares of Kirkland Lake Gold and gave the company an “outperform” rating in a report on Wednesday, August 9th. Royal Bank Of Canada lifted their price objective on shares of Kirkland Lake Gold from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. National Bank Financial lifted their price objective on shares of Kirkland Lake Gold from C$15.00 to C$15.35 in a report on Friday, July 14th. Finally, BMO Capital Markets set a C$15.25 price objective on shares of Kirkland Lake Gold and gave the company an “outperform” rating in a report on Friday, June 30th.

In other news, Director Eric S. Sprott bought 920,000 shares of the stock in a transaction that occurred on Tuesday, July 4th. The shares were acquired at an average cost of C$11.98 per share, for a total transaction of C$11,021,600.00. Also, insider Christina Sylvia Je Ouellette bought 2,200 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of C$13.28 per share, for a total transaction of C$29,216.00. Over the last 90 days, insiders have purchased 2,125,650 shares of company stock worth $27,752,456.

Kirkland Lake Gold (TSE:KL) traded up 0.87% on Tuesday, reaching $16.25. 731,615 shares of the company’s stock traded hands. The stock’s 50 day moving average is $14.81 and its 200 day moving average is $11.51. Kirkland Lake Gold has a 52-week low of $3.60 and a 52-week high of $16.96. The firm has a market cap of $3.39 billion and a price-to-earnings ratio of 40.02.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.25%.

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About Kirkland Lake Gold

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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