Kirkland Lake Gold (TSE:KL) Price Target Increased to C$64.00 by Analysts at CIBC
Kirkland Lake Gold (TSE:KL) had its price target raised by CIBC from C$58.00 to C$64.00 in a research note released on Monday, BayStreet.CA reports.
Other equities research analysts have also issued reports about the stock. Canaccord Genuity reaffirmed a buy rating and set a GBX 285 ($3.72) price target on shares of in a report on Thursday, June 6th. National Bank Financial lowered shares of Detour Gold to a hold rating in a report on Friday, June 28th. Eight Capital raised shares of Kirkland Lake Gold from a neutral rating to a buy rating and lifted their price target for the company from C$51.25 to C$53.00 in a report on Monday, April 15th. Royal Bank of Canada reaffirmed an underperform rating and set a GBX 215 ($2.81) price target on shares of in a report on Wednesday, June 26th. Finally, BMO Capital Markets reaffirmed an outperform rating and set a C$28.00 price target on shares of Northland Power in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of C$53.81.
Shares of Kirkland Lake Gold stock opened at C$60.66 on Monday. The company has a market cap of $12.60 billion and a price-to-earnings ratio of 38.39. The company has a quick ratio of 1.86, a current ratio of 2.08 and a debt-to-equity ratio of 1.61. The firm’s 50 day moving average is C$53.38. Kirkland Lake Gold has a 1 year low of C$22.42 and a 1 year high of C$61.00.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, June 27th. Kirkland Lake Gold’s payout ratio is 6.67%.
Kirkland Lake Gold Company Profile
Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia.
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