November 27, 2017 / 3:20 PM / 9 months ago

BUZZ-Kirkland Lake Gold Ltd: Desjardins raises PT, rating

** Gold miner’s shares up 4 pct at $18.36

** Desjardins raises PT to C$24 from C$20, expects higher productivity and lower cost from new equipment and infrastructure at Macassa mine in Canada

** Upgrades to “buy” from “hold”, says KL Gold could continue to surprise market expectations, driven by operational results and ongoing exploration at Macassa

** 9 of 10 brokerages rate the stock “buy” or higher and 1 “hold”; Median PT $20.75

** Up to Friday’s close, stock had risen 152 pct this year (Reporting by Karan Nagarkatti in Bengaluru)

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