Kirkland Lake Gold Director Buys C$29,450.00 in Stock (KGI) May 10th, 2015
Kirkland Lake Gold (TSE:KGI) Director Jeffrey Scott Parr purchased 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, May 7th. The stock was purchased at an average price of C$5.89 per share, with a total value of C$29,450.00.
Shares of Kirkland Lake Gold (TSE:KGI) traded up 4.10% during mid-day trading on Friday, hitting $6.10. The stock had a trading volume of 697,649 shares. Kirkland Lake Gold has a one year low of $2.51 and a one year high of $6.25. The stock’s 50-day moving average is $5. and its 200-day moving average is $4.. The company has a market cap of $488.10 million and a price-to-earnings ratio of 42.36.
A number of research firms have recently commented on KGI. Analysts at CIBC raised their price target on shares of Kirkland Lake Gold from C$5.25 to C$6.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 14th. Analysts at Dundee Securities raised their price target on shares of Kirkland Lake Gold from C$6.25 to C$6.75 in a research note on Monday, April 13th. Analysts at BMO Capital Markets upgraded shares of Kirkland Lake Gold from an “underperform” rating to a “market perform” rating in a research note on Thursday, February 19th. Finally, analysts at Pi Financial raised their price target on shares of Kirkland Lake Gold from C$5.50 to C$5.65 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$5.50.
Kirkland Lake Gold Inc is a Canada-based gold mining company. Kirkland Lake Gold is an operating and exploration gold Company in Kirkland Lake, Ontario which is located in the Lower Abitibi Greenstone belt in northeastern Ontario. The Company owns the five former high grade mines that produced 22 million ounces of gold at an average grade of 15.1 grams per ton.
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