National Bank Financial Comments on Kirkland Lake Gold Ltd’s FY2017 Earnings (KL)

Kirkland Lake Gold Ltd (TSE:KL) – Investment analysts at National Bank Financial reduced their FY2017 earnings per share (EPS) estimates for shares of Kirkland Lake Gold in a report released on Wednesday. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.75 per share for the year, down from their previous forecast of $0.76. National Bank Financial has a “Outperform” rating and a $25.00 price objective on the stock. National Bank Financial also issued estimates for Kirkland Lake Gold’s Q4 2017 earnings at $0.27 EPS and FY2018 earnings at $1.15 EPS.

Several other research analysts also recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Kirkland Lake Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. BMO Capital Markets set a C$24.50 price objective on shares of Kirkland Lake Gold and gave the stock an “outperform” rating in a report on Friday, January 19th. CIBC upped their price objective on shares of Kirkland Lake Gold from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Scotiabank set a C$21.50 price objective on shares of Kirkland Lake Gold and gave the stock an “outperform” rating in a report on Friday, January 12th. Finally, Desjardins upgraded shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$20.00 to C$24.00 in a report on Monday, November 27th. Six investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$23.67.

Kirkland Lake Gold (TSE KL) opened at C$18.73 on Friday. Kirkland Lake Gold has a 1-year low of C$8.38 and a 1-year high of C$20.97. The firm has a market cap of $3,850.00 and a price-to-earnings ratio of 41.62.

Kirkland Lake Gold (TSE:KL) last released its quarterly earnings data on Thursday, November 2nd. The company reported C$0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.27 by C($0.09).

In related news, insider Philip Chow Yee purchased 6,000 shares of Kirkland Lake Gold stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average price of C$17.02 per share, for a total transaction of C$102,120.00.

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Earnings History and Estimates for Kirkland Lake Gold (TSE:KL)

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