Kirkland Lake Gold (TSE:KL) Price Target Cut to C$67.00

Kirkland Lake Gold (TSE:KL) had its price target lowered by Canaccord Genuity from C$70.00 to C$67.00 in a report published on Wednesday morning, BayStreet.CA reports.

KL has been the topic of several other reports. Eight Capital increased their target price on Kirkland Lake Gold from C$53.00 to C$70.00 in a research report on Thursday, August 8th. Pi Financial increased their target price on Kirkland Lake Gold from C$46.75 to C$55.75 in a research report on Wednesday, July 24th. Desjardins increased their target price on Kirkland Lake Gold from C$48.00 to C$54.50 in a research report on Wednesday, July 17th. Royal Bank of Canada lowered Kirkland Lake Gold from an outperform rating to a sector perform rating and increased their target price for the stock from C$54.00 to C$72.00 in a research report on Thursday, September 5th. Finally, TD Securities increased their target price on Kirkland Lake Gold from C$61.00 to C$62.00 and gave the stock a hold rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of C$65.47.

Shares of Kirkland Lake Gold stock traded down C$1.26 during trading hours on Wednesday, reaching C$62.01. 568,700 shares of the company’s stock were exchanged, compared to its average volume of 1,038,511. The company has a current ratio of 2.08, a quick ratio of 1.93 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $13.03 billion and a price-to-earnings ratio of 26.38. The company has a fifty day moving average of C$60.24 and a 200-day moving average of C$56.31. Kirkland Lake Gold has a 52-week low of C$24.39 and a 52-week high of C$67.87.

Kirkland Lake Gold (TSE:KL) last issued its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, topping the consensus estimate of C$1.00 by C$0.11. The firm had revenue of C$503.57 million during the quarter, compared to analysts’ expectations of C$494.73 million. On average, equities research analysts anticipate that Kirkland Lake Gold will post 2.7600002 earnings per share for the current fiscal year.

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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Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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