RBC Capital Believes Kirkland Lake Gold (KL) Won’t Stop Here
Today, an analyst has provided a rating update for Kirkland Lake Gold (KL). Analyst Dan Rollins from RBC Capital rated Kirkland Lake Gold (KL) a Buy, setting a C$38 price target.
According to TipRanks.com, Rollins has 0 stars on 0-5 star ranking scale with an average return of -11.9% and a 30.1% success rate. Rollins covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Osisko Mining Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kirkland Lake Gold with a C$36.25 average price target, representing an 11.3% upside. 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$6.65B and has a P/E ratio of 24.2. The company has a Price to Book ratio of 4.26.
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$32.56, close to its 52-week high of C$33.42.