Scotiabank Reiterates Outperform Rating for Kirkland Lake Gold Ltd (KL)
Several other equities analysts have also issued reports on KL. Desjardins lowered shares of Kirkland Lake Gold from a buy rating to a hold rating and lifted their price target for the stock from C$19.00 to C$20.00 in a report on Thursday, October 12th. BMO Capital Markets lifted their price target on shares of Kirkland Lake Gold from C$16.75 to C$20.50 in a report on Monday, October 2nd. Royal Bank Of Canada lifted their price target on shares of Kirkland Lake Gold from C$14.00 to C$16.00 and gave the stock an outperform rating in a report on Tuesday, August 8th. CIBC lifted their price target on shares of Kirkland Lake Gold from C$16.00 to C$19.00 in a report on Friday, October 13th. Finally, National Bank Financial lifted their price target on shares of Kirkland Lake Gold from C$15.00 to C$15.35 in a report on Friday, July 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$19.75.
Kirkland Lake Gold (TSE KL) opened at C$18.19 on Thursday. Kirkland Lake Gold has a 1-year low of C$6.33 and a 1-year high of C$19.06.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Thursday, September 28th. Kirkland Lake Gold’s dividend payout ratio is currently 3.50%.
In related news, Director Eric S. Sprott acquired 200,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were purchased at an average cost of C$15.72 per share, with a total value of C$3,144,000.00. Also, Director Brian John Hagan acquired 3,450 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average cost of C$14.91 per share, for a total transaction of C$51,439.50. Insiders have bought 603,670 shares of company stock worth $8,791,672 over the last three months.
Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.