RBC Capital Remains a Buy on Kirkland Lake Gold (KL)

RBC Capital analyst Josh Wolfson maintained a Buy rating on Kirkland Lake Gold (KLResearch Report) on January 24 and set a price target of $50.00. The company’s shares closed last Tuesday at $39.94.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -0.7% and a 45.2% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

Kirkland Lake Gold has an analyst consensus of Strong Buy, with a price target consensus of $47.76, a 21.7% upside from current levels. In a report issued on January 18, Scotiabank also maintained a Buy rating on the stock with a C$52.25 price target.

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Kirkland Lake Gold’s market cap is currently $10.48B and has a P/E ratio of 11.91.

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Kirkland Lake Gold Ltd. engages in the mining, development, and exploration of gold properties. The firms projects include Holt Mine, Macassa Mine, and Taylor Mine. The company was founded on July 10, 2015 and is headquartered in Toronto, Canada.

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