Kirkland Lake Gold (KL), was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Raj Ray from Desjardins reiterated a Hold rating, with a C$54.50 price target.
According to TipRanks.com, Ray is a 5-star analyst with an average return of 25.1% and a 77.8% success rate. Ray covers the NA sector, focusing on stocks such as SilverCrest Metals Inc, Kirkland Lake Gold Ltd, and SEMAFO Inc.
Currently, the analyst consensus on Kirkland Lake Gold is a Moderate Buy with an average price target of C$60.10, a 0.9% upside from current levels. In a report issued on July 3, Scotiabank also downgraded the stock to Hold.
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Kirkland Lake Gold’s market cap is currently C$12.12B and has a P/E ratio of 26.6. The company has a Price to Book ratio of 6.56.
Kirkland Lake Gold Ltd. engages in the 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$59.57.
