Kirkland Lake Gold Ltd. (KL) Given Average Recommendation of “Buy” by Brokerages
Kirkland Lake Gold Ltd. (NYSE:KL) has received an average broker rating score of 2.25 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. Kirkland Lake Gold’s rating score has declined by 12.5% from three months ago as a result of various analysts’ ratings changes.
Brokers have set a 12 month consensus target price of $16.82 for the company and are forecasting 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 95 out of 265 based on the ratings given to its competitors.
A number of equities research analysts recently issued reports on KL shares. Desjardins started coverage on shares of Kirkland Lake Gold in a research note on Friday, September 29th. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, September 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Kirkland Lake Gold in a research note on Thursday, September 7th. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of Kirkland Lake Gold in a research note on Thursday, September 21st.
Kirkland Lake Gold (KL) traded down 1.23% during trading on Monday, hitting $12.84. 540,221 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $13.29 and its 200 day moving average price is $9.90. Kirkland Lake Gold has a 12-month low of $4.74 and a 12-month high of $15.19. The firm has a market cap of $2.68 billion and a price-to-earnings ratio of 32.92.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.008 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.03 dividend on an annualized basis and a yield of 0.25%. Kirkland Lake Gold’s dividend payout ratio is currently 10.71%.
An institutional investor recently bought a new position in Kirkland Lake Gold stock. APG Asset Management N.V. bought a new position in shares of Kirkland Lake Gold Ltd. (NYSE:KL) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 145,500 shares of the company’s stock, valued at approximately $1,871,000. APG Asset Management N.V. owned about 0.07% of Kirkland Lake Gold as of its most recent SEC filing.
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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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