Insider Buying: Kirkland Lake Gold Ltd (KL) Director Acquires 100,000 Shares of Stock

Kirkland Lake Gold Ltd (TSE:KL) Director Eric S. Sprott purchased 100,000 shares of Kirkland Lake Gold stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of C$13.47 per share, with a total value of C$1,347,000.00.

Shares of Kirkland Lake Gold Ltd (TSE:KL) opened at 14.64 on Friday. The firm has a market cap of $3.06 billion and a P/E ratio of 36.06. The firm has a 50-day moving average of $12.54 and a 200-day moving average of $10.65. Kirkland Lake Gold Ltd has a 12-month low of $6.33 and a 12-month high of $15.00.

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KL has been the subject of a number of recent research reports. Scotiabank reiterated an “outperform” rating and issued a C$11.50 price objective on shares of Kirkland Lake Gold in a report on Thursday, May 11th. National Bank Financial increased their price objective on shares of Kirkland Lake Gold from C$15.00 to C$15.35 in a report on Friday, July 14th. BMO Capital Markets set a C$15.25 price objective on shares of Kirkland Lake Gold and gave the company an “outperform” rating in a report on Friday, June 30th. CIBC increased their price objective on shares of Kirkland Lake Gold from C$12.50 to C$14.50 in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada increased their price objective on shares of Kirkland Lake Gold from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a buy rating, Kirkland Lake Gold has a consensus rating of “Buy” and an average target price of C$15.52.

Insider Buying and Selling by Quarter for Kirkland Lake Gold (TSE:KL)

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