Today, an analyst has provided a rating update for Kirkland Lake Gold (KL). The company received a Buy rating from National Bank’s analyst Don DeMarco, with a C$48 price target.
According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 14.2% and a 75.0% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, OceanaGold Corporation, and Kirkland Lake Gold Ltd.
Currently, the analyst consensus on Kirkland Lake Gold is a Strong Buy with an average price target of C$42.28, a -0.3% downside from current levels. In a report issued on January 20, CIBC also reiterated a Buy rating on the stock with a C$48 price target.
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Kirkland Lake Gold’s market cap is currently C$8.86B and has a P/E ratio of 32.2. The company has a Price to Book ratio of 5.67.
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 Monday at C$42.39.
