Kirkland Lake Gold Ltd (TSE:KL) – Research analysts at National Bank Financial issued their Q3 2017 earnings per share estimates for Kirkland Lake Gold in a research note issued to investors on Tuesday. National Bank Financial analyst M. Parkin expects that the company will post earnings per share of $0.26 for the quarter. National Bank Financial has a “Outperform” rating and a $19.00 price objective on the stock. National Bank Financial also issued estimates for Kirkland Lake Gold’s FY2017 earnings at $0.83 EPS and FY2018 earnings at $1.03 EPS.
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A number of other research analysts also recently commented on KL. BMO Capital Markets set a C$15.25 price objective on Kirkland Lake Gold and gave the company an “outperform” rating in a report on Friday, June 30th. CIBC increased their price objective on Kirkland Lake Gold from C$12.50 to C$14.50 in a report on Tuesday, July 11th. Scotiabank increased their price objective on Kirkland Lake Gold from C$11.50 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. Royal Bank Of Canada increased their price objective on Kirkland Lake Gold from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. Finally, Desjardins reiterated a “buy” rating and issued a C$19.00 price objective on shares of Kirkland Lake Gold in a report on Friday, September 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$18.67.
Kirkland Lake Gold (TSE:KL) opened at 16.61 on Thursday. Kirkland Lake Gold has a 1-year low of $3.60 and a 1-year high of $18.57. The firm has a 50-day moving average price of $16.34 and a 200 day moving average price of $12.57. The stock has a market cap of $3.47 billion and a price-to-earnings ratio of 40.91.
In other news, Director Brian John Hagan purchased 3,450 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average price of C$14.91 per share, for a total transaction of C$51,439.50. Also, Director Eric S. Sprott purchased 200,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average price of C$15.72 per share, for a total transaction of C$3,144,000.00. Insiders have purchased a total of 1,205,650 shares of company stock worth $16,730,856 in the last 90 days.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%.
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