Zacks: Kirkland Lake Gold Ltd. (KL) Given Average Rating of “Buy” by Brokerages
Shares of Kirkland Lake Gold Ltd. (NYSE:KL) have received a consensus broker rating score of 2.25 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. Kirkland Lake Gold’s rating score has declined by 12.5% in the last three months as a result of various analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus target price of $16.82 for the company and are expecting that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also given Kirkland Lake Gold an industry rank of 105 out of 265 based on the ratings given to its competitors.
KL has been the subject of a number of recent research reports. Zacks Investment Research upgraded Kirkland Lake Gold from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, September 20th. Desjardins downgraded Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. National Bank Financial restated an “outperform market weight” rating on shares of Kirkland Lake Gold in a research report on Thursday, September 21st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Kirkland Lake Gold in a research report on Thursday, September 7th.
Shares of Kirkland Lake Gold (KL) traded down 3.13% on Friday, reaching $13.00. The company had a trading volume of 465,593 shares. The firm has a market cap of $2.71 billion and a P/E ratio of 33.33. Kirkland Lake Gold has a one year low of $4.74 and a one year high of $15.19. The company has a 50-day moving average price of $13.29 and a 200-day moving average price of $9.90.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.008 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.25%. Kirkland Lake Gold’s dividend payout ratio (DPR) is presently 10.71%.
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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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