Kirkland Lake Gold Ltd (KL) Given “Buy” Rating at Desjardins
Desjardins reissued their buy rating on shares of Kirkland Lake Gold Ltd (TSE:KL) in a research report report published on Friday morning. The firm currently has a C$19.00 price objective on the stock.
KL has been the subject of a number of other research reports. CIBC lifted their price target on shares of Kirkland Lake Gold from C$12.50 to C$14.50 in a research note on Tuesday, July 11th. National Bank Financial increased their price objective on shares of Kirkland Lake Gold from C$15.00 to C$15.35 in a research note on Friday, July 14th. Royal Bank Of Canada increased their price objective on shares of Kirkland Lake Gold from C$14.00 to C$16.00 and gave the company an outperform rating in a research note on Thursday, August 17th. Scotiabank set a C$16.50 price objective on shares of Kirkland Lake Gold and gave the stock an outperform rating in a report on Wednesday, August 9th. Finally, BMO Capital Markets set a C$15.25 price objective on shares of Kirkland Lake Gold and gave the stock an outperform rating in a report on Friday, June 30th. Six investment analysts have rated the stock with a buy rating, Kirkland Lake Gold presently has an average rating of Buy and an average target price of C$17.58.
Kirkland Lake Gold (KL) opened at 16.35 on Friday. Kirkland Lake Gold has a one year low of $3.60 and a one year high of $16.96. The firm has a market cap of $3.41 billion and a PE ratio of 40.27. The stock has a 50 day moving average of $15.55 and a 200 day moving average of $11.97.
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The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, September 28th.
In other Kirkland Lake Gold news, Director Eric S. Sprott bought 600,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of C$13.19 per share, with a total value of C$7,914,000.00. Also, insider Christina Sylvia Je Ouellette purchased 2,200 shares of Kirkland Lake Gold stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of C$13.28 per share, for a total transaction of C$29,216.00. In the last quarter, insiders bought 1,205,650 shares of company stock valued at $16,730,856.
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