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2021-12-03 21:20
08:15 AM EST, 12/03/2021 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We are dropping STARS coverage on this gold miner due to pending merger with Agnico Eagle Mines. Shareholders of both Agnico Eagle and Kirkland Lake have approved the merger and the transaction should be completed early in 2022, subject to regulatory approval. We have a positive view on the merger (with strong synergy potential in Canada) and we suggest investors gain exposure to these two top-tier gold miners by purchasing Agnico Eagle shares (TSX:AEM 61 ****). Our last recommendation on Kirkland Lake shares was Buy.