Scotiabank Analysts Give Kirkland Lake Gold (KL) a C$21.50 Price Target
Kirkland Lake Gold (TSE:KL) received a C$21.50 price target from research analysts at Scotiabank in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 7.66% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Desjardins upgraded shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$20.00 to C$24.00 in a research report on Monday, November 27th. CIBC lifted their price objective on shares of Kirkland Lake Gold from C$16.00 to C$19.00 in a research report on Friday, October 13th. National Bank Financial reiterated an “outperform” rating and set a C$19.00 price objective on shares of Kirkland Lake Gold in a research report on Saturday, September 23rd. Royal Bank of Canada lifted their price objective on shares of Kirkland Lake Gold from C$16.00 to C$21.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, BMO Capital Markets lifted their price objective on shares of Kirkland Lake Gold from C$16.75 to C$20.50 in a research report on Monday, October 2nd. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of C$20.83.
Kirkland Lake Gold (TSE KL) traded down C$0.09 during trading on Friday, hitting C$19.97. 636,170 shares of the stock traded hands, compared to its average volume of 688,909. The company has a market capitalization of $4,140.00 and a PE ratio of 44.38. Kirkland Lake Gold has a 52-week low of C$7.87 and a 52-week high of C$20.77.
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