Kirkland Lake Gold Ltd. (KL) Receives Consensus Rating of “Buy” from Brokerages

Kirkland Lake Gold Ltd. (NYSE:KL) has earned a consensus broker rating score of 1.80 (Buy) from the five analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. Kirkland Lake Gold’s rating score has improved by 20% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a 1-year consensus target price of $18.43 for the company and are expecting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned Kirkland Lake Gold an industry rank of 199 out of 265 based on the ratings given to its competitors.

KL has been the topic of a number of research analyst reports. Desjardins initiated coverage on shares of Kirkland Lake Gold in a research note on Friday, September 29th. They issued a “buy” rating on the stock. Scotiabank upgraded shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Thursday, November 9th.

A number of large investors have recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI grew its stake in Kirkland Lake Gold by 16.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 71,679 shares of the company’s stock valued at $1,101,000 after buying an additional 10,136 shares during the last quarter. BNP Paribas Arbitrage SA bought a new stake in Kirkland Lake Gold in the 3rd quarter valued at $158,000. SG Americas Securities LLC bought a new stake in Kirkland Lake Gold in the 4th quarter valued at $229,000. Cubist Systematic Strategies LLC bought a new stake in Kirkland Lake Gold in the 3rd quarter valued at $199,000. Finally, Schroder Investment Management Group bought a new stake in Kirkland Lake Gold in the 3rd quarter valued at $231,000. Institutional investors and hedge funds own 41.40% of the company’s stock.

Kirkland Lake Gold (NYSE KL) traded up $0.13 during trading hours on Monday, reaching $15.73. 492,985 shares of the company were exchanged, compared to its average volume of 659,544. Kirkland Lake Gold has a 1-year low of $6.30 and a 1-year high of $16.89. The company has a quick ratio of 1.32, a current ratio of 1.59 and a debt-to-equity ratio of 0.02. The firm has a market cap of $3,237.89 and a price-to-earnings ratio of 35.75.

Kirkland Lake Gold (NYSE:KL) last posted its earnings results on Thursday, November 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). Kirkland Lake Gold had a net margin of 14.12% and a return on equity of 10.95%. equities analysts anticipate that Kirkland Lake Gold will post 0.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were paid a $0.016 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.06 dividend on an annualized basis and a yield of 0.41%. Kirkland Lake Gold’s payout ratio is presently 13.64%.

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About Kirkland Lake Gold

Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia.

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