Kirkland Lake Gold Ltd. (NYSE:KL) – Investment analysts at Desjardins increased their FY2017 earnings per share (EPS) estimates for shares of Kirkland Lake Gold in a research report issued to clients and investors on Thursday. Desjardins analyst R. Ray now expects that the company will earn $0.70 per share for the year, up from their prior estimate of $0.69. Desjardins currently has a “Hold” rating on the stock.

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Several other research firms have also issued reports on KL. National Bank Financial reiterated an “outperform market weight” rating on shares of Kirkland Lake Gold in a research note on Thursday, September 21st. Zacks Investment Research lowered Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Kirkland Lake Gold in a research note on Thursday, September 7th.

Shares of Kirkland Lake Gold (KL) opened at 13.52 on Friday. Kirkland Lake Gold has a 12-month low of $4.74 and a 12-month high of $14.34. The firm has a market cap of $2.82 billion and a P/E ratio of 34.67. The company has a 50-day moving average of $11.22 and a 200 day moving average of $8.58.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.008 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.24%. Kirkland Lake Gold’s dividend payout ratio (DPR) is presently 10.71%.

Kirkland Lake Gold Company Profile

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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