Brokers Offer Predictions for Kirkland Lake Gold Ltd. (KL.TO)’s FY2021 Earnings (TSE:KL)


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Kirkland Lake Gold Ltd. (KL.TO) (TSE:KL) – Stock analysts at National Bank Financial cut their FY2021 earnings estimates for shares of Kirkland Lake Gold Ltd. (KL.TO) in a research note issued to investors on Tuesday, January 12th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $4.71 per share for the year, down from their previous estimate of $4.80. National Bank Financial has a “Outperform” rating and a $70.00 price objective on the stock.

Kirkland Lake Gold Ltd. (KL.TO) (TSE:KL) last posted its earnings results on Thursday, November 5th. The company reported C$1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.20 by C$0.01. The company had revenue of C$843.30 million during the quarter.

A number of other equities research analysts have also recently weighed in on KL. TD Securities cut their price objective on shares of Kirkland Lake Gold Ltd. (KL.TO) from C$89.00 to C$84.00 and set a “buy” rating on the stock in a research note on Thursday, December 3rd. BMO Capital Markets cut their price objective on shares of Kirkland Lake Gold Ltd. (KL.TO) from C$100.00 to C$85.00 in a research note on Monday, December 14th. Scotiabank cut their price objective on shares of Kirkland Lake Gold Ltd. (KL.TO) from C$70.00 to C$68.00 in a research note on Friday, December 11th. Bank of America cut their price objective on shares of Kirkland Lake Gold Ltd. (KL.TO) from C$88.00 to C$85.00 in a research note on Thursday, October 8th. Finally, Eight Capital lifted their price objective on shares of Kirkland Lake Gold Ltd. (KL.TO) from C$80.00 to C$95.00 in a research note on Wednesday, October 14th.

KL stock opened at C$51.70 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.79 and a current ratio of 2.15. The stock has a market capitalization of C$13.86 billion and a price-to-earnings ratio of 18.25. Kirkland Lake Gold Ltd. has a 1 year low of C$0.05 and a 1 year high of C$76.43. The stock’s fifty day moving average is C$52.96 and its two-hundred day moving average is C$61.51.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 13th. Shareholders of record on Thursday, December 31st were paid a dividend of $0.244 per share. This represents a $0.98 annualized dividend and a yield of 1.89%. The ex-dividend date was Wednesday, December 30th. This is a boost from Kirkland Lake Gold Ltd. (KL.TO)’s previous quarterly dividend of $0.19. Kirkland Lake Gold Ltd. (KL.TO)’s payout ratio is 15.35%.

About Kirkland Lake Gold Ltd. (KL.TO)

Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. The company's principal properties include the Fosterville Mine located in the State of Victoria, Australia; and Macassa Mine situated in the Municipality of Kirkland Lake, Ontario, Canada.

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