Kirkland Lake Gold Ltd (TSE:KL) was upgraded by stock analysts at Desjardins from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm currently has a C$24.00 price objective on the stock, up from their previous price objective of C$20.00. Desjardins’ price target suggests a potential upside of 35.90% from the company’s previous close.

KL has been the subject of several other reports. BMO Capital Markets upped their price objective on Kirkland Lake Gold from C$16.75 to C$20.50 in a research note on Monday, October 2nd. Scotiabank upgraded Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$17.50 to C$19.00 in a research note on Friday, November 3rd. Royal Bank Of Canada increased their price target on Kirkland Lake Gold from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. CIBC increased their price target on Kirkland Lake Gold from C$16.00 to C$19.00 in a research note on Friday, October 13th. Finally, National Bank Financial reiterated an “outperform” rating and issued a C$19.00 price target on shares of Kirkland Lake Gold in a research note on Saturday, September 23rd. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$20.42.

Kirkland Lake Gold (TSE:KL) traded up C$0.20 during trading hours on Monday, hitting C$17.66. The stock had a trading volume of 483,881 shares, compared to its average volume of 1,226,816. Kirkland Lake Gold has a 52-week low of C$6.33 and a 52-week high of C$19.06.

In other Kirkland Lake Gold news, Director Eric S. Sprott purchased 200,000 shares of the business’s stock in a transaction on Monday, September 18th. The stock was acquired at an average price of C$15.72 per share, for a total transaction of C$3,144,000.00.

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Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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