Kirkland Lake Gold Ltd. (NYSE:KL) – Equities researchers at National Bank Financial issued their Q3 2020 earnings per share (EPS) estimates for Kirkland Lake Gold in a report released on Wednesday, October 21st. National Bank Financial analyst M. Parkin forecasts that the company will post earnings of $0.94 per share for the quarter. National Bank Financial currently has a “Sector Perform Spec Overwgt” rating on the stock. National Bank Financial also issued estimates for Kirkland Lake Gold’s FY2020 earnings at $3.56 EPS and FY2021 earnings at $4.55 EPS.
A number of other equities research analysts have also recently weighed in on KL. Royal Bank of Canada reaffirmed a “buy” rating and set a $63.00 price target on shares of Kirkland Lake Gold in a report on Tuesday, August 11th. Scotiabank raised their price target on Kirkland Lake Gold from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 13th. Bank of America dropped their price target on Kirkland Lake Gold from $64.75 to $62.50 and set a “buy” rating for the company in a report on Thursday, October 8th. TD Securities raised their price target on Kirkland Lake Gold from $76.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Zacks Investment Research cut Kirkland Lake Gold from a “strong-buy” rating to a “hold” rating and set a $47.00 price target for the company. in a report on Wednesday, July 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Kirkland Lake Gold has a consensus rating of “Buy” and a consensus target price of $63.67.
Kirkland Lake Gold stock opened at $46.66 on Friday. The business has a 50 day simple moving average of $50.32 and a 200 day simple moving average of $45.11. Kirkland Lake Gold has a one year low of $18.02 and a one year high of $57.69. The company has a market capitalization of $12.83 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 4.79 and a beta of 0.92.
Kirkland Lake Gold (NYSE:KL) last posted its earnings results on Thursday, July 30th. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The business had revenue of $580.98 million during the quarter, compared to the consensus estimate of $566.08 million. Kirkland Lake Gold had a return on equity of 24.32% and a net margin of 36.22%.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.50 annualized dividend and a dividend yield of 1.07%. Kirkland Lake Gold’s dividend payout ratio (DPR) is currently 18.25%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BDO Wealth Advisors LLC bought a new position in shares of Kirkland Lake Gold in the 2nd quarter worth $25,000. Flagship Harbor Advisors LLC bought a new position in shares of Kirkland Lake Gold in the 2nd quarter worth $30,000. Larson Financial Group LLC bought a new position in shares of Kirkland Lake Gold in the 2nd quarter worth $36,000. Red Door Wealth Management LLC bought a new position in shares of Kirkland Lake Gold in the 2nd quarter worth $37,000. Finally, Captrust Financial Advisors bought a new position in shares of Kirkland Lake Gold in the 2nd quarter worth $38,000. 49.81% of the stock is owned by institutional investors.
Kirkland Lake Gold Company Profile
Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. The company's principal properties include the Fosterville Mine located in the State of Victoria, Australia; and Macassa Mine situated in the Municipality of Kirkland Lake, Ontario, Canada.
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