Kirkland Lake Gold Ltd. with ticker code (KL) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 50 and 40 and has a mean target at 45.25. Now with the previous closing price of 39.94 this would indicate that there is a potential upside of 13.3%. The 50 day moving average now sits at 40.69 and the 200 moving average now moves to 41.13. The company has a market cap of $10,102m. Company Website: https://www.klgold.com
The potential market cap would be $11,445m based on the market concensus.
Kirkland Lake Gold Ltd. engages in the acquisition, production, and operation of gold properties. The company holds interest in the Fosterville Mine located in the State of Victoria, Australia; and the Macassa Mine situated in the Municipality of Kirkland Lake, Ontario, Canada, as well as the Detour Lake Mine located in northeastern Ontario, Canada. It has a strategic alliance agreement with Newmont Corporation. The company was formerly known as Newmarket Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016. Kirkland Lake Gold Ltd. is headquartered in Toronto, Canada.
