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Fly News Breaks for September 5, 2019
Sep 5, 2019 | 07:06 EDT
Roth Capital analyst Jake Sekelsky raised his price target for Kirkland Lake Gold to $53 from $48 on the back of gold and silver price deck update. Although the analyst believes Kirkland Lake provides investors with exposure to gold prices, he thinks the company exhibits less leverage than higher-cost peers. That said, given the company's stable operations, growth outlook, and "strong" balance sheet, Sekelsky believes Kirkland Lake Gold is a defensive avenue for gold exposure. He reiterates a Buy rating on the shares.
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