Kirkland Lake Gold Ltd (TSE:KL) – Desjardins increased their FY2017 earnings per share estimates for shares of Kirkland Lake Gold in a research report issued on Monday, according to Zacks Investment Research. Desjardins analyst R. Ray now forecasts that the company will post earnings per share of $0.88 for the year, up from their previous estimate of $0.87. Desjardins currently has a “Buy” rating and a $24.00 target price on the stock. Desjardins also issued estimates for Kirkland Lake Gold’s FY2021 earnings at $1.97 EPS.
KL has been the subject of a number of other research reports. National Bank Financial restated an “outperform” rating and issued a C$19.00 price objective on shares of Kirkland Lake Gold in a report on Saturday, September 23rd. Scotiabank upgraded shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$17.50 to C$19.00 in a report on Friday, November 3rd. CIBC lifted their price objective on shares of Kirkland Lake Gold from C$16.00 to C$19.00 in a report on Friday, October 13th. 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 Thursday, August 17th. Finally, BMO Capital Markets lifted their price objective on shares of Kirkland Lake Gold from C$16.75 to C$20.50 in a report on Monday, October 2nd. Six analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of C$20.42.
Kirkland Lake Gold (KL) opened at C$17.92 on Wednesday. Kirkland Lake Gold has a twelve month low of C$6.33 and a twelve month high of C$19.06.
In other news, Director Eric S. Sprott purchased 200,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average price of C$15.72 per share, for a total transaction of C$3,144,000.00.
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