Kirkland Lake Gold Ltd Expected to Post Q4 2017 Earnings of $0.31 Per Share (KL)

Kirkland Lake Gold Ltd (TSE:KL) – Equities research analysts at Desjardins issued their Q4 2017 earnings estimates for Kirkland Lake Gold in a report released on Friday. Desjardins analyst R. Ray expects that the company will post earnings per share of $0.31 for the quarter. Desjardins has a “Buy” rating and a $24.00 price target on the stock. Desjardins also issued estimates for Kirkland Lake Gold’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.41 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.41 EPS and Q4 2019 earnings at $0.40 EPS.

A number of other research analysts also recently issued reports on the company. Scotiabank set a C$21.50 price objective on Kirkland Lake Gold and gave the stock an “outperform” rating in a report on Friday. Royal Bank of Canada raised their price target on Kirkland Lake Gold from C$16.00 to C$21.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. CIBC raised their price target on Kirkland Lake Gold from C$16.00 to C$19.00 in a research note on Friday, October 13th. BMO Capital Markets raised their price target on Kirkland Lake Gold from C$16.75 to C$20.50 in a research note on Monday, October 2nd. Finally, National Bank Financial restated an “outperform” rating and issued a C$19.00 price target on shares of Kirkland Lake Gold in a research note on Saturday, September 23rd. Six analysts have rated the stock with a buy rating, Kirkland Lake Gold presently has an average rating of “Buy” and an average target price of C$20.83.

Kirkland Lake Gold (TSE:KL) opened at C$20.09 on Monday. The stock has a market capitalization of $4,140.00 and a PE ratio of 44.64. Kirkland Lake Gold has a fifty-two week low of C$7.87 and a fifty-two week high of C$20.77.

In related news, insider Philip Chow Yee purchased 6,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was purchased at an average cost of C$17.02 per share, for a total transaction of C$102,120.00.

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Earnings History and Estimates for Kirkland Lake Gold (TSE:KL)

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