National Bank Financial Comments on Kirkland Lake Gold Ltd’s FY2017 Earnings (TSE:KL)

Kirkland Lake Gold Ltd (TSE:KL) – Analysts at National Bank Financial dropped their FY2017 earnings per share estimates for Kirkland Lake Gold in a research note issued to investors on Thursday, according to Zacks Investment Research. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $0.76 for the year, down from their prior estimate of $0.77. National Bank Financial has a “Outperform” rating and a $25.00 price objective on the stock. National Bank Financial also issued estimates for Kirkland Lake Gold’s FY2019 earnings at $1.26 EPS and FY2020 earnings at $1.55 EPS.

Several other analysts also recently weighed in on the company. Royal Bank of Canada boosted their target price on Kirkland Lake Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday, January 19th. BMO Capital Markets set a C$24.50 price objective on Kirkland Lake Gold and gave the company an “outperform” rating in a research note on Friday, January 19th. CIBC upped their price objective on Kirkland Lake Gold from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Scotiabank set a C$21.50 price objective on Kirkland Lake Gold and gave the company an “outperform” rating in a research note on Friday, January 12th. Finally, Desjardins raised Kirkland Lake Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from C$20.00 to C$24.00 in a research note on Monday, November 27th. Six equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of C$23.67.

Kirkland Lake Gold (TSE KL) traded up C$1.36 during trading on Monday, hitting C$18.81. The stock had a trading volume of 1,192,863 shares, compared to its average volume of 760,378. Kirkland Lake Gold has a fifty-two week low of C$8.38 and a fifty-two week high of C$20.97. The stock has a market cap of $3,620.00 and a P/E ratio of 41.80.

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

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Earnings History and Estimates for Kirkland Lake Gold (TSE:KL)

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