Desjardins Weighs in on Kirkland Lake Gold Ltd.’s Q3 2017 Earnings (KL)
Kirkland Lake Gold Ltd. (NYSE:KL) – Investment analysts at Desjardins issued their Q3 2017 earnings estimates for shares of Kirkland Lake Gold in a research report issued on Monday. Desjardins analyst R. Ray anticipates that the company will post earnings of $0.24 per share for the quarter. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Kirkland Lake Gold’s FY2017 earnings at $0.69 EPS.
A number of other brokerages have also recently commented on KL. Zacks Investment Research upgraded Kirkland Lake Gold from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, September 20th. 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.
Kirkland Lake Gold (NYSE KL) opened at 12.00 on Wednesday. The company has a 50 day moving average price of $13.24 and a 200-day moving average price of $10.01. Kirkland Lake Gold has a one year low of $4.74 and a one year high of $15.19. The company has a market capitalization of $2.50 billion and a PE ratio of 30.77.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.008 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Thursday, September 28th. Kirkland Lake Gold’s dividend payout ratio is currently 10.71%.
A hedge fund recently bought a new stake in Kirkland Lake Gold stock. APG Asset Management N.V. bought a new position in shares of Kirkland Lake Gold Ltd. (NYSE:KL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 145,500 shares of the company’s stock, valued at approximately $1,871,000. APG Asset Management N.V. owned approximately 0.07% of Kirkland Lake Gold at the end of the most recent quarter. Institutional investors own 0.77% of the company’s stock.
About Kirkland Lake Gold
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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