BMO Capital Markets Reiterates “C$15.25” Price Target for Kirkland Lake Gold Ltd (TSE:KL)

Kirkland Lake Gold Ltd (TSE:KL) has been given a C$15.25 target price by research analysts at BMO Capital Markets in a note issued to investors on Friday, June 30th. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 15.71% from the stock’s current price.

KL has been the topic of a number of other reports. CIBC raised their price target on shares of Kirkland Lake Gold from C$11.00 to C$12.50 in a report on Thursday, April 13th. Scotiabank restated an “outperform” rating and issued a C$11.50 price target on shares of Kirkland Lake Gold in a report on Thursday, April 13th. Finally, Royal Bank Of Canada raised their price target on shares of Kirkland Lake Gold from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, April 18th. Four equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of C$14.92.

Shares of Kirkland Lake Gold (TSE KL) traded up 5.78% on Friday, hitting $13.18. 1,588,654 shares of the stock traded hands. The stock has a market cap of $2.76 billion and a P/E ratio of 41.19. The stock’s 50 day moving average price is $11.62 and its 200 day moving average price is $10.15. Kirkland Lake Gold has a 52-week low of $6.33 and a 52-week high of $13.18.

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In other news, Director Eric S. Sprott bought 193,500 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was purchased at an average cost of C$10.16 per share, with a total value of C$1,965,960.00. Also, Director Eric S. Sprott bought 920,000 shares of the business’s stock in a transaction dated Tuesday, July 4th. The shares were purchased at an average cost of C$11.98 per share, with a total value of C$11,021,600.00. Insiders purchased a total of 2,262,000 shares of company stock valued at $24,461,425 over the last quarter.

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