CIBC Raises Kirkland Lake Gold (KL) Price Target to C$24.00

Kirkland Lake Gold (TSE:KL) had its price target raised by CIBC from C$22.00 to C$24.00 in a research note issued to investors on Thursday, January 18th. The firm currently has an outperform rating on the stock.

KL has been the topic of several other research reports. Scotiabank upgraded Kirkland Lake Gold from a sector perform rating to an outperform rating and increased their target price for the stock from C$17.50 to C$19.00 in a report on Friday, November 3rd. National Bank Financial restated an outperform rating and set a C$19.00 target price on shares of Kirkland Lake Gold in a report on Saturday, September 23rd. Royal Bank of Canada increased their target price on Kirkland Lake Gold from C$16.00 to C$21.00 and gave the stock an outperform rating in a report on Friday, November 10th. Desjardins reiterated a buy rating and issued a C$19.00 price target on shares of Kirkland Lake Gold in a report on Friday, September 29th. Finally, BMO Capital Markets raised their price target on Kirkland Lake Gold from C$16.75 to C$20.50 in a report on Monday, October 2nd. Six research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus price target of C$23.67.

Shares of Kirkland Lake Gold (TSE:KL) traded down C$0.82 during mid-day trading on Thursday, hitting C$16.75. The stock had a trading volume of 923,800 shares, compared to its average volume of 704,504. The company has a market capitalization of $3,650.00 and a PE ratio of 37.22. Kirkland Lake Gold has a 12 month low of C$8.38 and a 12 month high of C$20.97.

In other news, insider Philip Chow Yee purchased 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average price of C$17.02 per share, for a total transaction of C$102,120.00.

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