Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Kirkland Lake Gold (NYSE:KL) Share Price

Press coverage about Kirkland Lake Gold (NYSE:KL) has trended somewhat positive on Friday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kirkland Lake Gold earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the company an impact score of 49.0831530853254 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of Kirkland Lake Gold (KL) traded down $0.61 during midday trading on Friday, reaching $15.30. The company’s stock had a trading volume of 284,290 shares, compared to its average volume of 786,033. The company has a market capitalization of $3,190.16 and a price-to-earnings ratio of 25.21. Kirkland Lake Gold has a 1-year low of $6.30 and a 1-year high of $16.89. The company has a current ratio of 1.59, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02.

KL has been the topic of a number of recent analyst reports. Scotiabank raised Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised Kirkland Lake Gold from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, January 3rd. Finally, Desjardins raised Kirkland Lake Gold from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.00.

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About Kirkland Lake Gold

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

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