Kirkland Lake Gold (TSE:KL) Price Target Raised to C$67.00

Kirkland Lake Gold (TSE:KL) had its price target increased by CIBC from C$64.00 to C$67.00 in a report issued on Thursday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 13.29% from the stock’s previous close.

Several other analysts have also commented on KL. Pi Financial lifted their price objective on shares of Kirkland Lake Gold from C$46.75 to C$55.75 in a research report on Wednesday, July 24th. Eight Capital lifted their price objective on shares of Kirkland Lake Gold from C$53.00 to C$70.00 in a research report on Thursday, August 8th. National Bank Financial lifted their price objective on shares of Kirkland Lake Gold from C$65.00 to C$71.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. Royal Bank of Canada lowered shares of Kirkland Lake Gold from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$54.00 to C$72.00 in a research report on Thursday, September 5th. Finally, BMO Capital Markets lifted their price objective on shares of Kirkland Lake Gold from C$60.00 to C$71.00 in a research report on Wednesday, September 11th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Kirkland Lake Gold presently has an average rating of “Hold” and a consensus price target of C$64.03.

Shares of KL stock opened at C$59.14 on Thursday. The firm has a market cap of $12.91 billion and a price-to-earnings ratio of 33.22. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.85 and a current ratio of 2.03. Kirkland Lake Gold has a 52 week low of C$23.98 and a 52 week high of C$67.87. The firm’s 50-day simple moving average is C$62.25 and its two-hundred day simple moving average is C$53.37.

Kirkland Lake Gold (TSE:KL) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$0.67 EPS for the quarter, topping the consensus estimate of C$0.64 by C$0.03. The company had revenue of C$376.25 million during the quarter, compared to the consensus estimate of C$358.12 million. Analysts forecast that Kirkland Lake Gold will post 2.6800001 earnings per share for the current 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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Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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