Kirkland Lake Gold Ltd. (NYSE:KL) – Equities research analysts at National Bank Financial boosted their FY2021 earnings per share estimates for shares of Kirkland Lake Gold in a report issued on Sunday, November 21st. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $3.31 per share for the year, up from their prior estimate of $3.12.
Kirkland Lake Gold (NYSE:KL) last posted its quarterly earnings data on Wednesday, November 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.10. The business had revenue of $666.98 million during the quarter, compared to analysts’ expectations of $782.31 million. Kirkland Lake Gold had a net margin of 34.70% and a return on equity of 17.70%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share.
Shares of NYSE:KL opened at $40.81 on Wednesday. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 4.40 and a beta of 0.63. Kirkland Lake Gold has a 1-year low of $31.72 and a 1-year high of $46.98. The company has a 50 day moving average price of $43.30 and a 200 day moving average price of $41.81.
Large investors have recently modified their holdings of the company. Private Ocean LLC acquired a new stake in shares of Kirkland Lake Gold during the 3rd quarter worth approximately $29,000. IFP Advisors Inc grew its position in shares of Kirkland Lake Gold by 45.8% during the 2nd quarter. IFP Advisors Inc now owns 1,050 shares of the company’s stock worth $41,000 after buying an additional 330 shares during the period. Captrust Financial Advisors grew its position in shares of Kirkland Lake Gold by 31.6% during the 1st quarter. Captrust Financial Advisors now owns 1,171 shares of the company’s stock worth $40,000 after buying an additional 281 shares during the period. Quadrant Capital Group LLC grew its holdings in Kirkland Lake Gold by 96.2% during the second quarter. Quadrant Capital Group LLC now owns 1,436 shares of the company’s stock valued at $55,000 after purchasing an additional 704 shares during the period. Finally, FinTrust Capital Advisors LLC grew its holdings in Kirkland Lake Gold by 42.1% during the third quarter. FinTrust Capital Advisors LLC now owns 2,395 shares of the company’s stock valued at $100,000 after purchasing an additional 709 shares during the period. Institutional investors own 49.38% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 13th. Stockholders of record on Wednesday, September 29th were given a dividend of $0.1875 per share. This is a boost from Kirkland Lake Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, September 28th. This represents a $0.75 annualized dividend and a dividend yield of 1.84%. Kirkland Lake Gold’s payout ratio is currently 22.66%.
Kirkland Lake Gold Company Profile
Kirkland Lake Gold Ltd. engages in the mining, development, and exploration of gold properties. The firms projects include Holt Mine, Macassa Mine, and Detour Lake MIne. The company was founded on June 29, 1983 and is headquartered in Toronto, Canada.
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