Kirkland Lake Gold Ltd. (NYSE:KL) – Stock analysts at Desjardins upped their FY2021 earnings estimates for shares of Kirkland Lake Gold in a note issued to investors on Wednesday, Zacks Investment Research reports. Desjardins analyst R. Ray now anticipates that the company will post earnings of $1.58 per share for the year, up from their prior forecast of $1.48. Desjardins currently has a “Buy” rating on the stock.
Separately, Zacks Investment Research raised shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.00.
Shares of Kirkland Lake Gold (NYSE:KL) traded down $0.20 on Monday, reaching $15.51. 376,446 shares of the company were exchanged, compared to its average volume of 760,965. Kirkland Lake Gold has a 52-week low of $6.30 and a 52-week high of $16.89. The stock has a market capitalization of $3,310.00 and a P/E ratio of 24.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.98.
Kirkland Lake Gold (NYSE:KL) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.10. Kirkland Lake Gold had a net margin of 17.72% and a return on equity of 14.37%. The firm had revenue of $212.36 million for the quarter.
A number of hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp bought a new stake in Kirkland Lake Gold in the third quarter worth approximately $310,368,000. The Manufacturers Life Insurance Company lifted its stake in shares of Kirkland Lake Gold by 45.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,031,264 shares of the company’s stock worth $46,560,000 after buying an additional 941,769 shares during the last quarter. Investec Asset Management LTD lifted its stake in shares of Kirkland Lake Gold by 362.3% in the fourth quarter. Investec Asset Management LTD now owns 1,761,588 shares of the company’s stock worth $27,093,000 after buying an additional 1,380,516 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in shares of Kirkland Lake Gold by 18.4% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,545,600 shares of the company’s stock worth $29,784,000 after buying an additional 240,200 shares during the last quarter. Finally, U S Global Investors Inc. acquired a new stake in shares of Kirkland Lake Gold in the third quarter worth $19,512,000. 44.20% of the stock is owned by institutional investors.
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Kirkland Lake Gold Company Profile
Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia.
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