The Globe and Mail reports in its Saturday, May 2, edition that insiders at Kirkland Lake Gold ($5.92) have been buyers of company shares. The Globe's Ted Dixon writes in the Who's Buying and Selling column that earlier this year Kirkland Lake Gold recruited precious metals investing expert Eric Sprott to be board chairman. Mr. Sprott made his debut as an insider at Kirkland Lake Gold with an initial ownership balance of 6,491,700 common shares. He is now the second-largest shareholder of the firm with about 9.6 per cent of shares outstanding. More recently, on April 28, director Barry Cooper acquired 5,000 shares at $5.95 in the public market. Earlier, on April 20, director Pamela Klessig exercised 67,500 options and subsequently sold 62,500 common shares, retaining 5,000. Insider buying activity is often viewed as a bullish indicator for a stock. M Partners analyst Derek Macpherson raised his price target on the Kirkland Lake to $6.30 from $5.70 and reiterated a "buy" rating in The Globe's Eye On Equities column on Aug. 27, 2014. The shares were then worth $5.95. He reiterated his "buy" call and $6.30 price target in the Eye column on Sept. 9, 2014. The shares were then going for $5.35.