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.

TRADEMARK VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/10/03/kirkland-lake-gold-ltd-kl-given-buy-rating-at-desjardins.html.

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.

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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