Shares of Kirkland Lake Gold Ltd (TSE:KL) have earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$62.14.
Several brokerages have weighed in on KL. CIBC reduced their price objective on Kirkland Lake Gold from C$73.00 to C$60.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Royal Bank of Canada lowered Kirkland Lake Gold from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$54.00 to C$72.00 in a research report on Thursday, September 5th. National Bank Financial cut Kirkland Lake Gold from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from C$66.00 to C$50.00 in a research note on Tuesday, November 26th. TD Securities dropped their price objective on Kirkland Lake Gold from C$62.00 to C$59.00 and set a “hold” rating on the stock in a research report on Tuesday, November 26th. Finally, Canaccord Genuity cut their target price on Kirkland Lake Gold from C$70.00 to C$67.00 in a research note on Wednesday, November 13th.
Shares of Kirkland Lake Gold stock traded down C$0.12 during trading hours on Thursday, reaching C$55.73. The company’s stock had a trading volume of 1,311,148 shares, compared to its average volume of 1,081,474. The firm has a 50 day moving average price of C$59.57 and a 200-day moving average price of C$57.64. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.08 and a quick ratio of 1.93. The stock has a market cap of $10.92 billion and a P/E ratio of 23.95. Kirkland Lake Gold has a one year low of C$28.77 and a one year high of C$67.87.
Kirkland Lake Gold (TSE:KL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.00 by C$0.11. The business had revenue of C$503.57 million during the quarter, compared to the consensus estimate of C$494.73 million. As a group, sell-side analysts forecast that Kirkland Lake Gold will post 2.6499999 EPS for the current fiscal year.
About Kirkland Lake Gold
Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia.
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