Kirkland Lake Gold (TSE:KL) had its target price dropped by analysts at National Bank Financial from C$70.00 to C$66.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 4.43% from the stock’s current price.
KL has been the subject of several other reports. TD Securities lifted their price objective on Kirkland Lake Gold from C$61.00 to C$62.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their price objective on Kirkland Lake Gold from C$60.00 to C$71.00 in a report on Wednesday, September 11th. Pi Financial lifted their price objective on Kirkland Lake Gold from C$46.75 to C$55.75 in a report on Wednesday, July 24th. Canaccord Genuity reduced their price objective on Kirkland Lake Gold from C$70.00 to C$67.00 in a report on Wednesday, November 13th. Finally, CIBC boosted their price target on Kirkland Lake Gold from C$64.00 to C$67.00 in a report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$65.03.
KL stock traded up C$1.19 during midday trading on Monday, hitting C$63.20. 384,543 shares of the stock were exchanged, compared to its average volume of 1,036,415. The stock’s 50-day moving average price is C$60.24 and its 200-day moving average price is C$56.31. The stock has a market cap of $13.03 billion and a price-to-earnings ratio of 26.88. Kirkland Lake Gold has a fifty-two week low of C$24.39 and a fifty-two week high of C$67.87. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.93 and a current ratio of 2.08.
Kirkland Lake Gold Company Profile
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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