Kirkland Lake Gold Ltd (KL) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its holdings in shares of Kirkland Lake Gold Ltd (NYSE:KL) by 97.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 641,086 shares of the company’s stock after buying an additional 315,625 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.31% of Kirkland Lake Gold worth $12,027,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Kirkland Lake Gold by 7.4% during the second quarter. Van ECK Associates Corp now owns 27,282,039 shares of the company’s stock worth $577,291,000 after buying an additional 1,870,510 shares during the period. FMR LLC raised its holdings in Kirkland Lake Gold by 48.7% during the second quarter. FMR LLC now owns 10,894,991 shares of the company’s stock worth $230,720,000 after purchasing an additional 3,568,968 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in Kirkland Lake Gold by 6.9% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,579,400 shares of the company’s stock worth $99,651,000 after purchasing an additional 231,400 shares in the last quarter. American Century Companies Inc. raised its holdings in Kirkland Lake Gold by 6.0% during the third quarter. American Century Companies Inc. now owns 2,098,051 shares of the company’s stock worth $39,763,000 after purchasing an additional 119,555 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Kirkland Lake Gold by 2.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,906,188 shares of the company’s stock worth $40,342,000 after purchasing an additional 48,200 shares in the last quarter. Institutional investors and hedge funds own 43.29% of the company’s stock.

Several research analysts recently issued reports on KL shares. Zacks Investment Research cut shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. BMO Capital Markets cut shares of Kirkland Lake Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 18th. Finally, ValuEngine raised shares of Kirkland Lake Gold from a “sell” rating to a “hold” rating in a report on Friday, August 17th.

NYSE KL opened at $18.94 on Friday. The stock has a market cap of $4.10 billion, a P/E ratio of 16.72 and a beta of -0.27. Kirkland Lake Gold Ltd has a 52-week low of $13.03 and a 52-week high of $23.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.00 and a quick ratio of 1.77.

The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were issued a dividend of $0.023 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.09 annualized dividend and a yield of 0.48%. Kirkland Lake Gold’s dividend payout ratio is currently 12.68%.

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Kirkland Lake Gold Profile

Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates four underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria, Australia, as well as three milling facilities in Canada and Australia.

Read More: Leveraged Buyout (LBO)

Institutional Ownership by Quarter for Kirkland Lake Gold (NYSE:KL)

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