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Wall Street's Thoughts on Kirkland Lake Gold Ltd (KL) Stock

Friday, July 31, 2020 10:42 AM | InvestorsObserver Analysts

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Wall Street's Thoughts on Kirkland Lake Gold Ltd (KL) Stock

Wall Street is positive on Kirkland Lake Gold Ltd (KL). On average, analysts give Kirkland Lake Gold Ltd a Strong Buy rating. The average price target is $49.884, which means analysts expect the stock to decline by -6.41% over the next twelve months.

That average ranking earns Kirkland Lake Gold Ltd an Analyst Rating of 69, which is better than 69% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.6
Wall Street analysts are rating KL a Strong Buy today. Find out what this means to you and get the rest of the rankings on KL!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Kirkland Lake Gold Ltd Stock Today?

Kirkland Lake Gold Ltd (KL) stock has risen 5.05% while the S&P 500 is lower by -0.22% as of 10:39 AM on Friday, Jul 31. KL has gained $2.56 from the previous closing price of $50.74 on volume of 899,955 shares. Over the past year the S&P 500 has gained 9.66% while KL has gained 19.35%. KL earned $1.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 49.81.

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