Shares of Kirkland Lake Gold Ltd. (NYSE:KL) have earned a consensus broker rating score of 1.80 (Buy) from the five analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Kirkland Lake Gold’s rating score has improved by 22.7% from three months ago as a result of various analysts’ ratings changes.

Brokerages have set a 12-month consensus price objective of $18.43 for the company and are expecting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given Kirkland Lake Gold an industry rank of 195 out of 265 based on the ratings given to related companies.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Kirkland Lake Gold from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Desjardins raised shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating in a report on Monday, November 27th. Finally, Scotiabank raised shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, November 2nd.

Kirkland Lake Gold (NYSE KL) traded up $0.85 during mid-day trading on Friday, reaching $14.68. 487,171 shares of the company’s stock traded hands, compared to its average volume of 750,023. The company has a current ratio of 1.59, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. Kirkland Lake Gold has a 52-week low of $6.30 and a 52-week high of $16.89. The company has a market cap of $2,833.16 and a price-to-earnings ratio of 32.86.

Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in shares of Kirkland Lake Gold by 7.9% during the 4th quarter. Renaissance Technologies LLC now owns 141,000 shares of the company’s stock valued at $2,169,000 after purchasing an additional 10,332 shares during the last quarter. Scotia Capital Inc. grew its holdings in shares of Kirkland Lake Gold by 4.8% during the 4th quarter. Scotia Capital Inc. now owns 202,048 shares of the company’s stock valued at $3,097,000 after purchasing an additional 9,232 shares during the last quarter. Invictus RG bought a new stake in shares of Kirkland Lake Gold during the 4th quarter valued at approximately $752,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Kirkland Lake Gold during the 4th quarter valued at approximately $1,152,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Kirkland Lake Gold during the 4th quarter valued at approximately $1,684,000. 42.83% of the stock is currently owned by institutional investors.

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Kirkland Lake Gold Company Profile

Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia.

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