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.
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.
Read More: Conference Calls
Receive News & Ratings for Kirkland Lake Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland Lake Gold and related companies with MarketBeat.com's FREE daily email newsletter.