National Bank Financial Comments on Kirkland Lake Gold Ltd’s FY2017 Earnings (KL)

National Bank Financial Comments on Kirkland Lake Gold Ltd’s FY2017 Earnings (KL)

KL has been the topic of several other reports. Scotiabank reaffirmed an “outperform” rating and set a C$11.50 price objective on shares of Kirkland Lake Gold in a report on Thursday, April 13th. Royal Bank of Canada upped their price objective on shares of Kirkland Lake Gold from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, April 18th. CIBC upped their price objective on shares of Kirkland Lake Gold from C$11.00 to C$12.50 in a report on Thursday, April 13th. M Partners reaffirmed a “buy” rating on shares of Kirkland Lake Gold in a report on Tuesday, January 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$12.75 price objective on shares of Kirkland Lake Gold in a report on Thursday, April 13th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$12.44.

Kirkland Lake Gold Ltd (TSE:KL) – National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for Kirkland Lake Gold in a report issued on Wednesday. National Bank Financial analyst R. Ray now expects that the company will post earnings per share of $0.84 for the year, up from their prior estimate of $0.77. National Bank Financial also issued estimates for Kirkland Lake Gold’s FY2018 earnings at $1.09 EPS, FY2019 earnings at $1.32 EPS, FY2020 earnings at $1.26 EPS and FY2021 earnings at $1.17 EPS.

Kirkland Lake Gold (KL) opened at 10.27 on Monday. The company’s 50-day moving average is $9.77 and its 200-day moving average is $8.94. Kirkland Lake Gold has a 52-week low of $6.33 and a 52-week high of $11.15. The company has a market capitalization of $2.12 billion and a price-to-earnings ratio of 33.24.

In other Kirkland Lake Gold news, Director Arnold Klassen acquired 10,000 shares of the company’s stock in a transaction on Monday, May 8th. The shares were acquired at an average cost of C$9.02 per share, with a total value of C$90,200.00. Also, Director Eric S. Sprott acquired 806,500 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were acquired at an average cost of C$10.01 per share, for a total transaction of C$8,073,065.00. Over the last ninety days, insiders have acquired 1,442,200 shares of company stock worth $14,414,057 and have sold 635,125 shares worth $6,430,462.

new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:KL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment