Kirkland Lake Gold (KL) Earns Outperform Rating from Scotiabank
Kirkland Lake Gold (TSE:KL)‘s stock had its “outperform” rating reaffirmed by analysts at Scotiabank in a research report issued on Thursday. They currently have a C$27.50 price objective on the stock. Scotiabank’s target price points to a potential upside of 26.15% from the company’s previous close.
Several other brokerages also recently issued reports on KL. National Bank Financial upped their price target on Kirkland Lake Gold from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. CIBC upped their price target on Kirkland Lake Gold from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. BMO Capital Markets restated an “outperform” rating and issued a C$25.00 price objective on shares of Kirkland Lake Gold in a research note on Monday, April 9th. Royal Bank of Canada upped their price objective on Kirkland Lake Gold from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Desjardins upped their price objective on Kirkland Lake Gold from C$25.00 to C$26.00 in a research note on Thursday, February 22nd. Six analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of C$25.58.
Shares of Kirkland Lake Gold stock opened at C$21.80 on Thursday. Kirkland Lake Gold has a 12-month low of C$8.67 and a 12-month high of C$22.28.
In other Kirkland Lake Gold news, insider Jennifer Laura Wagner sold 40,000 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of C$20.41, for a total value of C$816,400.00.
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