Wall Street analyst has provided a review today, and retained the same rating on the stock. TD Securities’ analyst Steven Green reiterates their Buy rating on the shares of Kirkland Lake Gold (KL), with a C$43 price target.
According to TipRanks.com, Green has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.6% and a 32.0% success rate. Green covers the Basic Materials sector, focusing on stocks such as Alamos Gold Inc, TMAC Resources, and IAMGOLD Corp.
Kirkland Lake Gold has an analyst consensus of Strong Buy, with a price target consensus of C$35.83, representing a 9.5% upside. 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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Based on Kirkland Lake Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$73.04 million. In comparison, last year the company had a net profit of C$54.87 million.
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.
