Kirkland Lake Gold (TSE:KL) Given a C$21.50 Price Target by Scotiabank Analysts

Kirkland Lake Gold (TSE:KL) has been assigned a C$21.50 price objective by stock analysts at Scotiabank in a note issued to investors on Friday, January 12th. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 22.58% from the stock’s current price.

KL has been the topic of a number of other reports. National Bank Financial reiterated an “outperform” rating and set a C$19.00 price target on shares of Kirkland Lake Gold in a research report on Saturday, September 23rd. CIBC increased their price target on Kirkland Lake Gold from C$16.00 to C$19.00 in a research report on Friday, October 13th. Royal Bank of Canada increased their price target on Kirkland Lake Gold from C$16.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Desjardins restated a “buy” rating and issued a C$19.00 target price on shares of Kirkland Lake Gold in a research report on Friday, September 29th. Finally, BMO Capital Markets raised their target price on Kirkland Lake Gold from C$16.75 to C$20.50 in a research report on Monday, October 2nd. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of C$23.67.

Shares of Kirkland Lake Gold (TSE:KL) traded down C$0.18 during midday trading on Friday, reaching C$17.54. The company’s stock had a trading volume of 1,010,000 shares, compared to its average volume of 677,267. Kirkland Lake Gold has a 12-month low of C$8.38 and a 12-month high of C$20.97. The firm has a market capitalization of $3,680.00 and a PE ratio of 38.98.

Kirkland Lake Gold (TSE:KL) last announced its quarterly earnings results on Thursday, November 2nd. The company reported C$0.18 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.09).

In related news, insider Philip Chow Yee acquired 6,000 shares of Kirkland Lake Gold stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of C$17.02 per share, with a total value of C$102,120.00.

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Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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