Kirkland Lake Gold (KL) has received a rating update from a Wall Street analyst today. The company received a Buy rating from RBC Capital’s analyst Dan Rollins, with a C$33 price target.
According to TipRanks.com, Rollins ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.6% and a 32.6% success rate. Rollins covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Torex Gold Resources Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kirkland Lake Gold with a C$34.93 average price target, a 6.8% 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.
.
Kirkland Lake Gold’s market cap is currently C$6.83B and has a P/E ratio of 23.7. The company has a Price to Book ratio of 4.37.
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$32.85.
