Kirkland Lake (KL) Downgraded to Hold at Zacks Investment Research
Kirkland Lake (NYSE:KL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “Kirkland Lake Gold Ltd. engages in the provision of mining and mineral exploration. It focuses on gold assets primarily in Macassa Mine Complex, the Taylor Mine located in northeastern Ontario and the Fosterville Gold Mine located in the state of Victoria, Australia. Kirkland Lake Gold Ltd. is headquartered in Toronto, Canada. “
Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Kirkland Lake in a report on Thursday, September 7th.
Kirkland Lake (NYSE:KL) traded up 0.46% during mid-day trading on Thursday, hitting $13.06. The stock had a trading volume of 293,416 shares. The company’s 50 day moving average price is $11.22 and its 200 day moving average price is $8.58. The firm has a market cap of $2.73 billion and a PE ratio of 33.49. Kirkland Lake has a 52 week low of $4.74 and a 52 week high of $13.73.
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