Kirkland Lake Gold (TSE:KL) had its target price decreased by investment analysts at Canaccord Genuity from C$55.00 to C$53.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price target suggests a potential downside of 9.00% from the stock’s current price.
KL has been the topic of a number of other reports. Roth Capital downgraded Kirkland Lake Gold from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. TD Securities cut their price target on Kirkland Lake Gold from C$62.00 to C$59.00 and set a “hold” rating on the stock in a report on Tuesday, November 26th. National Bank Financial set a C$48.00 price target on Kirkland Lake Gold and gave the company an “underperform” rating in a report on Wednesday, December 18th. Finally, CIBC cut their price target on Kirkland Lake Gold from C$73.00 to C$60.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$60.36.
Shares of TSE:KL traded up C$0.24 on Wednesday, reaching C$58.24. The company had a trading volume of 672,874 shares, compared to its average volume of 897,528. Kirkland Lake Gold has a 52-week low of C$34.43 and a 52-week high of C$67.87. The firm’s 50 day simple moving average is C$55.88 and its 200-day simple moving average is C$59.16. The firm has a market capitalization of $11.97 billion and a PE ratio of 24.77. The company has a current ratio of 2.08, a quick ratio of 1.93 and a debt-to-equity ratio of 1.13.
Kirkland Lake Gold (TSE:KL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.00 by C$0.11. The company had revenue of C$503.57 million during the quarter, compared to analysts’ expectations of C$494.73 million. As a group, equities research analysts predict that Kirkland Lake Gold will post 2.8399999 earnings per share for the current year.
About Kirkland Lake Gold
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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