CIBC analyst Cosmos Chiu reiterated a Buy rating on Kirkland Lake Gold Ltd (KL) yesterday and set a price target of $58. The company’s shares opened today at $41.04, close to its 52-week high of $41.62.
Chiu has an average return of 76.2% when recommending Kirkland Lake Gold Ltd.
According to TipRanks.com, Chiu is ranked #327 out of 5208 analysts.
Currently, the analyst consensus on Kirkland Lake Gold Ltd is a Strong Buy with an average price target of $44.02, a 7.3% upside from current levels. In a report issued on June 6, Canaccord Genuity also initiated coverage with a Buy rating on the stock.
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The company has a one-year high of $41.62 and a one-year low of $17.26. Currently, Kirkland Lake Gold Ltd has an average volume of 1.48M.
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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.