What drove today’s KL.TO stock bounce?

KL.TO stock rose to **C$49.71** on 05 Feb 2026 driven by above-average volume **2,985,038**, sector rotation into gold, and short-covering. The move lifted price toward the 50-day average and reflects tactical buying on perceived value.

How does valuation look for KL.TO stock?

Valuation is attractive: trailing EPS **C$4.23** and PE **11.76** versus sector average PE **22.68**. Price-to-book is near **1.50**, suggesting KL.TO stock trades at a discount to many peers.

What is Meyka AI’s 12-month forecast for KL.TO stock?

Meyka AI's forecast model projects **C$58.00** for KL.TO stock in 12 months, implying **16.68%** upside from **C$49.71**. Forecasts are model-based projections and not guarantees.

What are key technical levels for KL.TO stock to watch?

Watch support at **C$49.00** and the year low **C$40.07**. Near-term resistance sits at the 50-day average **C$50.45** and the 52-week high **C$58.43**. A sustained move above **C$50.45** strengthens the bounce case.

CA Stocks

KL.TO Kirkland Lake Gold (TSX) C$49.71 05 Feb 2026: Oversold bounce offers upside

ByDanny Kontos February 6, 2026

KL.TO stock closed at C$49.71 on 05 Feb 2026, up 2.07% on volume 2,985,038, marking an oversold bounce from recent lows. Today’s move lifted the share price off the intraday low of C$49.09 and tested a high of C$50.66, showing short-term buying interest. We view this session as a tactical rebound in the TSX-listed Kirkland Lake Gold Ltd., driven by sector momentum and value-driven flows into gold names. The following sections break down technical signals, valuation, liquidity, analyst context, and what Meyka AI’s models project next for KL.TO stock.