Scotiabank Hikes Kirkland Lake Gold (NYSE:KL) Price Target to $70.00
As per the reports of the Fly, stock analysts at Scotiabank upped the price target on Kirkland Lake Gold (NYSE:KL) from $64.00 to $70.00 in a research report issued on Tuesday. The company’s stock currently has a rating of ‘outperform.’ The price target of Scotiabank indicates a 40.34% potential change from the previous close of the firm.
Kirkland Lake Gold (NYSE:KL)- Analysts’ Opinion
Kirkland Lake Gold (NYSE:KL) has received comments from various research analysts. In a research report issued on Thursday, 8th October, Bank of America reduced the price target on Scotiabank from $64.75 to $62.50. It also issued a ‘buy’ rating on the company’s stock. In a research note issued on Friday, 31st July, the price target on the company was hiked from $76.00 to $84.00 by TD Securities. It also stated a ‘buy’ rating to the company’s stocks.
In a research report on Monday, 3rd August, ValuEngine changed Kirkland Lake Gold (NYSE:KL)’s rating from ‘sell’ to ‘hold.’ The company’s target price was bumped up from $81.00 to $95.50 by CIB. An ‘outperform’ rating was also issued to Kirkland on Wednesday, 16th September.
In a research report on Tuesday,11th August, Royal Bank of Canada reinstated a ‘buy’ rating to Kirkland and set a price objective of $63.00.
The stocks of Kirkland Lake Gold (NYSE:KL) have been given a ‘hold’ rating by three analysts and ‘buy’ rating by eight analysts. The consensus rating of the firm is ‘buy,’ and $63.67 is the average price target.
Kirkland Lake Gold (NYSE:KL)- Other News
During Tuesday’s trading, Kirkland Lake Gold (NYSE:KL) traded down and hit $48.88. 156,007 shares were the trading volume of the firm as opposed to 2,124,841, the average volume. The one-year low of Kirkland Lake Gold is $18.02 and $57.69 is the one-year high. The market capitalization of the firm is $14.13 billion. Its PEG ratio and beta are 4.91 and 0.92, respectively. $51.03 is Kirkland’s 50-day average moving price and $44.12 is its 200-day moving average price.
On Thursday, 30th July, Kirkland Lake Gold (NYSE:KL) revealed its data on quarterly earnings. For the quarter, the earnings per share (EPS) registered by the company was $0.79 that contradicts the estimate by Zacks of $0.74 by $0.05. During the quarter, Kirkland reported $580.98 million in revenue. The numbers were in contrast with the consensus estimate of $566.08 million. The company’s net margin was 36.22% and 24.32% was its return on equity.
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