Stock analysts at BMO Capital Markets raised their price objective on shares of Kirkland Lake Gold (TSE:KGI) from C$4.50 to C$5.00 in a report issued on Wednesday, Stock Ratings Network reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 24.38% from the company’s current price.
Kirkland Lake Gold (TSE:KGI) traded down 3.73% on Wednesday, hitting $3.87. The stock had a trading volume of 388,446 shares. Kirkland Lake Gold has a 52 week low of $2.64 and a 52 week high of $10.82. The stock’s 50-day moving average is $3.97 and its 200-day moving average is $4.31. The company’s market cap is $271.5 million.
A number of other firms have also recently commented on KGI. Analysts at Investec cut their price target on shares of Kirkland Lake Gold from C$377.00 to C$353.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Kirkland Lake Gold has an average rating of “Buy” and an average target price of C$67.17.
Kirkland Lake Gold Inc (TSE:KGI) is a gold mining company.
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