Kirkland Lake Gold Ltd (NYSE:KL) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $47.25.
Several analysts recently weighed in on KL shares. TD Securities lowered Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. GMP Securities lowered Kirkland Lake Gold from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Roth Capital raised their price objective on Kirkland Lake Gold from $31.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, February 22nd. CIBC reissued an “average” rating and set a $53.00 price target on shares of Kirkland Lake Gold in a research note on Friday, February 22nd. Finally, BMO Capital Markets reissued an “average” rating and set a $50.00 price target on shares of Kirkland Lake Gold in a research note on Monday, February 25th.
NYSE:KL traded down $0.55 during trading hours on Thursday, hitting $38.38. The company’s stock had a trading volume of 1,523,844 shares, compared to its average volume of 1,399,291. The firm has a market capitalization of $7.94 billion, a PE ratio of 28.22 and a beta of -0.34. The company has a quick ratio of 1.89, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. Kirkland Lake Gold has a twelve month low of $17.26 and a twelve month high of $39.76.
Kirkland Lake Gold (NYSE:KL) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $304.91 million for the quarter, compared to analyst estimates of $386.33 million. Kirkland Lake Gold had a return on equity of 27.33% and a net margin of 32.67%. Kirkland Lake Gold’s revenue was up 53.8% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. On average, analysts anticipate that Kirkland Lake Gold will post 2.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.03 dividend. This is a positive change from Kirkland Lake Gold’s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, June 27th. Kirkland Lake Gold’s payout ratio is currently 8.82%.
Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc bought a new stake in Kirkland Lake Gold in the fourth quarter worth approximately $25,000. Coastal Investment Advisors Inc. bought a new stake in Kirkland Lake Gold in the first quarter worth approximately $42,000. First Hawaiian Bank bought a new stake in Kirkland Lake Gold in the first quarter worth approximately $58,000. Premia Global Advisors LLC bought a new stake in Kirkland Lake Gold in the first quarter worth approximately $80,000. Finally, Advisory Services Network LLC bought a new stake in Kirkland Lake Gold in the fourth quarter worth approximately $87,000. 47.63% of the stock is currently owned by institutional investors.
Kirkland Lake Gold Company Profile
Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia.
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