Kirkland Lake Gold (TSE:KL) had its price target hoisted by National Bank Financial from C$65.00 to C$71.00 in a report published on Thursday, September 5th, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Other research analysts have also recently issued research reports about the company. Canaccord Genuity restated a buy rating and set a C$60.00 price objective on shares of Kirkland Lake Gold in a research note on Thursday, June 6th. TD Securities boosted their price target on Kirkland Lake Gold from C$53.00 to C$55.00 and gave the stock a hold rating in a research note on Thursday, May 9th. Desjardins boosted their price target on Kirkland Lake Gold from C$48.00 to C$54.50 in a research note on Wednesday, July 17th. Royal Bank of Canada boosted their price target on Kirkland Lake Gold from C$52.00 to C$54.00 in a research note on Wednesday, June 26th. Finally, CIBC boosted their price target on Kirkland Lake Gold from C$58.00 to C$64.00 in a research note on Monday, July 15th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Kirkland Lake Gold presently has an average rating of Hold and a consensus price target of C$63.69.
Shares of TSE:KL opened at C$58.54 on Thursday. The business has a fifty day simple moving average of C$61.34 and a 200-day simple moving average of C$51.16. Kirkland Lake Gold has a 52 week low of C$22.42 and a 52 week high of C$67.87. The company has a quick ratio of 1.85, a current ratio of 2.03 and a debt-to-equity ratio of 1.30. The company has a market cap of $12.19 billion and a P/E ratio of 32.89.
Kirkland Lake Gold (TSE:KL) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.64 by C$0.03. The firm had revenue of C$376.25 million for the quarter, compared to analysts’ expectations of C$358.12 million. Sell-side analysts expect that Kirkland Lake Gold will post 2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be given a $0.053 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 0.36%. This is an increase from Kirkland Lake Gold’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, September 27th. Kirkland Lake Gold’s dividend payout ratio is 6.35%.
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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