Royal Bank Of Canada Raises Kirkland Lake Gold Ltd (KL) Price Target to C$21.00

Kirkland Lake Gold Ltd (TSE:KL) had its price target hoisted by Royal Bank Of Canada from C$16.00 to C$21.00 in a research note issued to investors on Friday. The firm currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Scotiabank set a C$16.50 target price on shares of Kirkland Lake Gold and gave the stock an outperform rating in a report on Wednesday, August 9th. CIBC increased their target price on shares of Kirkland Lake Gold from C$16.00 to C$19.00 in a report on Friday, October 13th. National Bank Financial raised their price objective on shares of Kirkland Lake Gold from C$15.00 to C$15.35 in a report on Friday, July 14th. Desjardins restated a buy rating and issued a C$19.00 price objective on shares of Kirkland Lake Gold in a report on Friday, September 29th. Finally, BMO Capital Markets raised their price objective on shares of Kirkland Lake Gold from C$16.75 to C$20.50 in a report on Monday, October 2nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$19.75.

Shares of Kirkland Lake Gold (KL) opened at C$18.19 on Friday. Kirkland Lake Gold has a fifty-two week low of C$6.33 and a fifty-two week high of C$19.06.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. Kirkland Lake Gold’s payout ratio is 3.50%.

In other news, Director Eric S. Sprott acquired 200,000 shares of Kirkland Lake Gold stock in a transaction dated Monday, September 18th. The shares were acquired at an average cost of C$15.72 per share, for a total transaction of C$3,144,000.00. Also, Director Brian John Hagan acquired 3,450 shares of Kirkland Lake Gold stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of C$14.91 per share, for a total transaction of C$51,439.50. Insiders bought a total of 603,670 shares of company stock worth $8,791,672 over the last 90 days.

Analyst Recommendations for Kirkland Lake Gold (TSE:KL)

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