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Fly News Breaks for December 16, 2019
Dec 16, 2019 | 08:21 EDT
Stifel GMP analyst David Stewart downgraded Kirkland Lake Gold to Hold from Buy with a price target of C$56, down from C$71.50. Stewart said he doesn't think Kirkland Lake will return to its "historical sector-leading premium multiple" due to the fact that Detour Lake is not an asset the market generally ascribes a high premium to and because Fosterville exploration is on the decline.
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