Kirkland Lake Gold (TSE:KL) Price Target Increased to C$54.50 by Analysts at Desjardins
Kirkland Lake Gold (TSE:KL) had its target price upped by Desjardins from C$48.00 to C$54.50 in a research note released on Wednesday morning, BayStreet.CA reports. Desjardins also issued estimates for Kirkland Lake Gold’s Q2 2019 earnings at $0.67 EPS.
A number of other equities analysts also recently weighed in on the stock. TD Securities downgraded shares of Tricon Capital Group from an action list buy rating to a buy rating and lowered their target price for the stock from C$14.50 to C$13.50 in a research note on Thursday, May 9th. Canaccord Genuity reissued a buy rating and set a GBX 285 ($3.72) target price on shares of in a research note on Thursday, June 6th. BMO Capital Markets reissued an outperform rating and set a C$28.00 target price on shares of Northland Power in a research note on Tuesday, April 9th. CIBC reissued a hold rating on shares of Sandstorm Gold in a research note on Monday, July 15th. Finally, National Bank Financial downgraded shares of Detour Gold to a hold rating in a research note on Friday, June 28th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$53.81.
Shares of TSE KL opened at C$60.76 on Wednesday. Kirkland Lake Gold has a twelve month low of C$22.42 and a twelve month high of C$61.22. The business’s fifty day moving average price is C$53.72. The company has a market capitalization of $12.76 billion and a P/E ratio of 38.46. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.08 and a quick ratio of 1.86.
The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Thursday, June 27th. Kirkland Lake Gold’s payout ratio is 6.67%.
About Kirkland Lake Gold
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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