Kirkland Lake Gold (TSE:KL) Price Target Cut to C$77.50 by Analysts at Eight Capital

Kirkland Lake Gold (TSE:KL) had its price objective lowered by Eight Capital from C$95.00 to C$77.50 in a research report sent to investors on Tuesday morning, Analyst Price Targets reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also issued reports on KL. JPMorgan Chase & Co. assumed coverage on Kirkland Lake Gold in a research report on Wednesday, February 10th. They set an underweight rating and a C$57.00 target price on the stock. National Bank Financial lowered shares of Kirkland Lake Gold from an outperform spec market weight rating to a sector perform spec overwgt rating in a research report on Tuesday, March 16th. TD Securities raised shares of Kirkland Lake Gold from a buy rating to an action list buy rating and decreased their price target for the company from C$77.00 to C$72.00 in a research note on Friday, April 16th. CIBC lowered their price target on Kirkland Lake Gold from C$95.50 to C$77.50 in a research note on Monday, February 8th. Finally, Canaccord Genuity dropped their target price on shares of Kirkland Lake Gold from C$75.00 to C$70.00 and set a na rating for the company in a report on Monday, March 1st. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kirkland Lake Gold presently has a consensus rating of Buy and an average price target of C$70.91.

TSE KL opened at C$48.28 on Tuesday. The stock has a market capitalization of C$12.89 billion and a price-to-earnings ratio of 13.22. The stock has a 50-day moving average of C$43.79 and a 200 day moving average of C$51.78. The company has a current ratio of 1.95, a quick ratio of 1.64 and a debt-to-equity ratio of 0.52. Kirkland Lake Gold has a twelve month low of C$40.07 and a twelve month high of C$76.43.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 14th. Investors of record on Wednesday, March 31st were given a dividend of $0.239 per share. The ex-dividend date was Tuesday, March 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.98%. Kirkland Lake Gold’s payout ratio is currently 15.40%.

About Kirkland Lake Gold

Kirkland Lake Gold Ltd., together with its subsidiaries, engages in the acquisition, production, and operation of gold properties. It holds interest in the Fosterville Mine located in the State of Victoria, Australia; and the Macassa Mine situated in the Municipality of Kirkland Lake, Ontario, Canada, as well as the Detour Lake Mine located in northeastern Ontario, Canada.

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Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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