Kirkland Lake Gold Ltd. (TSE:KL) Receives C$63.39 Consensus Target Price from Analysts

Shares of Kirkland Lake Gold Ltd. (TSE:KL) have been assigned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$63.39.

A number of research analysts have recently commented on KL shares. National Bank Financial cut Kirkland Lake Gold to a “hold” rating and set a C$50.00 target price on the stock. in a research note on Thursday, September 30th. Scotiabank dropped their price objective on Kirkland Lake Gold from C$61.00 to C$52.25 in a research note on Tuesday, November 2nd. National Bankshares increased their target price on Kirkland Lake Gold from C$55.50 to C$56.00 and gave the company a “tender” rating in a research report on Friday, November 19th. CIBC reaffirmed an “outperform” rating and set a C$77.50 target price on shares of Kirkland Lake Gold in a research report on Thursday, July 29th. Finally, Royal Bank of Canada set a C$50.00 price objective on Kirkland Lake Gold and gave the company an “outperform” rating in a report on Thursday, November 4th.

In related news, insider Kirkland Lake Gold Ltd. purchased 50,000 shares of the business’s stock in a transaction on Monday, August 30th. The shares were bought at an average cost of C$49.49 per share, with a total value of C$2,474,500.00. Following the transaction, the insider now owns 100,000 shares of the company’s stock, valued at C$4,949,000.

Kirkland Lake Gold has a 52-week low of C$40.07 and a 52-week high of C$58.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.46 and a current ratio of 3.04. The company’s 50-day moving average is C$53.81 and its 200 day moving average is C$51.49. The stock has a market capitalization of C$13.63 billion and a P/E ratio of 12.32.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 13th. Shareholders of record on Wednesday, September 29th were given a dividend of $0.237 per share. This is an increase from Kirkland Lake Gold’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of ?. The ex-dividend date of this dividend was Tuesday, September 28th. Kirkland Lake Gold’s dividend payout ratio (DPR) is currently 17.87%.

About Kirkland Lake Gold

Kirkland Lake Gold Ltd. engages in the acquisition, production, and operation of gold properties. The company 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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