CIBC Boosts Kirkland Lake Gold (KL) Price Target to C$26.00

Kirkland Lake Gold (TSE:KL) had its target price lifted by CIBC from C$24.00 to C$26.00 in a research note issued to investors on Thursday morning.

KL has been the topic of a number of other research reports. National Bank Financial increased their target price on shares of Kirkland Lake Gold from C$21.00 to C$24.00 and gave the stock an outperform rating in a research report on Thursday, January 18th. Scotiabank set a C$21.50 target price on shares of Kirkland Lake Gold and gave the stock an outperform rating in a research report on Friday, January 12th. Desjardins increased their price target on shares of Kirkland Lake Gold from C$25.00 to C$26.00 in a research report on Thursday, February 22nd. BMO Capital Markets set a C$24.50 price target on shares of Kirkland Lake Gold and gave the stock an outperform rating in a research report on Friday, January 19th. Finally, Royal Bank of Canada increased their price target on shares of Kirkland Lake Gold from C$23.00 to C$25.00 and gave the stock an outperform rating in a research report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus price target of C$26.93.

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Shares of TSE:KL opened at C$24.05 on Thursday. Kirkland Lake Gold has a 12-month low of C$8.75 and a 12-month high of C$24.07.

Kirkland Lake Gold (TSE:KL) last announced its earnings results on Wednesday, February 21st. The company reported C$0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.29 by C$0.14. The business had revenue of C$269.72 million for the quarter.

In related news, insider Jennifer Laura Wagner sold 40,000 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of C$20.41, for a total value of C$816,400.00.

About Kirkland Lake Gold

Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates four underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria, Australia, as well as three milling facilities in Canada and Australia.

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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