Shares of Kirkland Lake Gold (KL) were revisited by a Wall Street analyst yesterday. Analyst Steven Butler from GMP FirstEnergy remains bullish on the stock and has a C$40 price target.
According to TipRanks.com, Butler has 0 stars on 0-5 star ranking scale with an average return of -14.2% and a 22.9% success rate. Butler covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Gold Standard Ventures Corp, and Americas Silver Corporation.
Currently, the analyst consensus on Kirkland Lake Gold is a Strong Buy with an average price target of C$36.25, which is a 10.8% upside from current levels. In a report issued on December 3, Eight Capital also upgraded the stock to Buy with a C$33.25 price target.
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The company has a one-year high of C$33.37 and a one-year low of C$16.54. Currently, Kirkland Lake Gold has an average volume of 863.8K.
Kirkland Lake Gold Ltd. engages in mining, development, and exploration of gold properties. It operates through the following projects: Holt Mine, Macassa Mine, and Taylor Mine. The company was founded on July 10, 2015 and is headquartered in Toronto, Canada.
The company’s shares closed on Wednesday at C$32.71, close to its 52-week high of C$33.37.
