Kirkland Lake Gold Ltd (TSE:KL) had its target price hoisted by investment analysts at Royal Bank Of Canada from C$16.00 to C$21.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 15.45% from the company’s previous close.
Several other brokerages have also recently issued reports on KL. Desjardins cut Kirkland Lake Gold from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$19.00 to C$20.00 in a report on Thursday, October 12th. BMO Capital Markets boosted their price objective on Kirkland Lake Gold from C$16.75 to C$20.50 in a report on Monday, October 2nd. Scotiabank cut Kirkland Lake Gold from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$17.00 to C$17.50 in a report on Thursday, October 12th. CIBC boosted their price objective on Kirkland Lake Gold from C$16.00 to C$19.00 in a report on Friday, October 13th. Finally, National Bank Financial boosted their price objective on Kirkland Lake Gold from C$15.00 to C$15.35 in a report on Friday, July 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$19.75.
Kirkland Lake Gold (KL) opened at C$18.19 on Friday. Kirkland Lake Gold has a fifty-two week low of C$6.33 and a fifty-two week high of C$19.06.
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In other Kirkland Lake Gold news, Director Eric S. Sprott purchased 200,000 shares of Kirkland Lake Gold stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average price of C$15.72 per share, with a total value of C$3,144,000.00. Also, insider Christina Sylvia Je Ouellette purchased 2,200 shares of Kirkland Lake Gold stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of C$13.28 per share, with a total value of C$29,216.00. Insiders purchased a total of 605,870 shares of company stock valued at $8,820,888 in the last ninety days.
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