Kirkland Lake Gold (TSE:KL) Price Target Raised to C$48.00 at National Bank Financial

Kirkland Lake Gold (TSE:KL) had its price target lifted by National Bank Financial from C$44.00 to C$48.00 in a research report released on Monday, February 4th. The brokerage currently has an outperform rating on the stock. National Bank Financial also issued estimates for Kirkland Lake Gold’s Q4 2018 earnings at $0.50 EPS.

A number of other equities analysts also recently issued reports on KL. Desjardins increased their price target on Kirkland Lake Gold from C$34.00 to C$35.00 in a research report on Monday, November 12th. Pi Financial increased their price target on Kirkland Lake Gold from C$28.50 to C$30.75 in a research report on Wednesday, November 21st. Eight Capital raised Kirkland Lake Gold from a neutral rating to a buy rating and increased their price target for the stock from C$25.00 to C$33.25 in a research report on Monday, December 3rd. CIBC upped their price objective on Kirkland Lake Gold from C$36.00 to C$40.00 in a research note on Wednesday, December 12th. Finally, BMO Capital Markets upped their price objective on Kirkland Lake Gold from C$30.00 to C$32.50 in a research note on Wednesday, December 12th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of C$47.05.

Kirkland Lake Gold stock traded down C$1.20 during mid-day trading on Monday, hitting C$46.92. The company’s stock had a trading volume of 919,200 shares, compared to its average volume of 800,996. Kirkland Lake Gold has a one year low of C$19.01 and a one year high of C$48.48. The company has a quick ratio of 1.83, a current ratio of 2.07 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $9.97 billion and a PE ratio of 36.37.

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.

Further Reading: How to Invest in a Bull Market

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

Receive News & Ratings for Kirkland Lake Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland Lake Gold and related companies with MarketBeat.com's FREE daily email newsletter.