Analysts Set Expectations for Kirkland Lake Gold Ltd’s Q3 2017 Earnings (KL)
Kirkland Lake Gold Ltd (TSE:KL) – Equities research analysts at Desjardins issued their Q3 2017 earnings per share (EPS) estimates for Kirkland Lake Gold in a note issued to investors on Monday. Desjardins analyst R. Ray anticipates that the company will post earnings of $0.30 per share for the quarter. Desjardins currently has a “Hold” rating and a $20.00 price target on the stock. Desjardins also issued estimates for Kirkland Lake Gold’s FY2017 earnings at $0.87 EPS.
A number of other equities analysts also recently weighed in on the stock. CIBC increased their price target on shares of Kirkland Lake Gold from C$16.00 to C$19.00 in a research note on Friday, October 13th. Scotiabank downgraded shares of Kirkland Lake Gold from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$17.00 to C$17.50 in a research note on Thursday, October 12th. BMO Capital Markets increased their price target on shares of Kirkland Lake Gold from C$16.75 to C$20.50 in a research note on Monday, October 2nd. National Bank Financial reaffirmed an “outperform” rating and set a C$19.00 price target on shares of Kirkland Lake Gold in a research note on Saturday, September 23rd. Finally, Royal Bank Of Canada increased their price target on shares of Kirkland Lake Gold from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Kirkland Lake Gold currently has an average rating of “Buy” and a consensus target price of C$18.67.
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Shares of Kirkland Lake Gold (TSE KL) opened at 15.22 on Wednesday. The stock has a market cap of $3.18 billion and a price-to-earnings ratio of 37.49. The firm has a 50-day moving average price of $16.33 and a 200-day moving average price of $12.77. Kirkland Lake Gold has a 12 month low of $6.33 and a 12 month high of $18.57.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Thursday, September 28th.
In other Kirkland Lake Gold news, Director Eric S. Sprott bought 600,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of C$13.19 per share, with a total value of C$7,914,000.00. Also, Director Eric S. Sprott bought 200,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average cost of C$15.72 per share, for a total transaction of C$3,144,000.00. In the last three months, insiders bought 1,205,870 shares of company stock worth $16,734,888.
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