Media headlines about Kirkland Lake Gold (NYSE:KL) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kirkland Lake Gold earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.6293251683253 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Kirkland Lake Gold (NYSE KL) traded up $0.18 during trading on Friday, hitting $16.12. 552,187 shares of the stock were exchanged, compared to its average volume of 620,946. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 1.59. Kirkland Lake Gold has a 52-week low of $5.99 and a 52-week high of $16.76. The stock has a market cap of $3,300.00 and a P/E ratio of 35.82.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.016 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, December 28th. Kirkland Lake Gold’s payout ratio is currently 13.33%.
A number of equities research analysts recently weighed in on KL shares. Zacks Investment Research upgraded shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, January 3rd. Desjardins raised shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating in a research report on Monday, November 27th. Scotiabank raised shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, November 2nd. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of Kirkland Lake Gold in a research report on Thursday, September 21st. Four analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $17.00.
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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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