Desjardins Comments on Kirkland Lake Gold Ltd’s Q4 2017 Earnings (KL)

Kirkland Lake Gold Ltd (TSE:KL) – Stock analysts at Desjardins issued their Q4 2017 earnings per share (EPS) estimates for Kirkland Lake Gold in a report released on Friday. Desjardins analyst R. Ray expects that the company will post earnings of $0.31 per share for the quarter. Desjardins currently has a “Buy” rating and a $24.00 target price on the stock. Desjardins also issued estimates for Kirkland Lake Gold’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.41 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.41 EPS and Q4 2019 earnings at $0.40 EPS.

Kirkland Lake Gold (TSE:KL) last announced its quarterly earnings results on Thursday, November 2nd. The company reported C$0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.27 by C($0.09).

Other research analysts also recently issued reports about the company. National Bank Financial reaffirmed an “outperform” rating and set a C$19.00 target price on shares of Kirkland Lake Gold in a research note on Saturday, September 23rd. CIBC upped their target price on Kirkland Lake Gold from C$16.00 to C$19.00 in a research note on Friday, October 13th. Scotiabank downgraded Kirkland Lake Gold from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$17.00 to C$17.50 in a research note on Thursday, October 12th. Royal Bank of Canada upped their target price on Kirkland Lake Gold from C$16.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, BMO Capital Markets upped their target price on Kirkland Lake Gold from C$16.75 to C$20.50 in a research note on Monday, October 2nd. Six research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of C$20.83.

Shares of Kirkland Lake Gold (TSE KL) traded up C$0.37 during mid-day trading on Monday, hitting C$20.81. The stock had a trading volume of 758,090 shares, compared to its average volume of 675,064. The firm has a market cap of $4,320.00 and a P/E ratio of 46.24. Kirkland Lake Gold has a twelve month low of C$8.16 and a twelve month high of C$20.91.

In related news, insider Philip Chow Yee bought 6,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was bought at an average cost of C$17.02 per share, for a total transaction of C$102,120.00.

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Earnings History and Estimates for Kirkland Lake Gold (TSE:KL)

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