Desjardins Comments on Kirkland Lake Gold Ltd’s FY2018 Earnings (KL)

Kirkland Lake Gold Ltd (TSE:KL) – Equities researchers at Desjardins dropped their FY2018 earnings per share estimates for shares of Kirkland Lake Gold in a research report issued to clients and investors on Wednesday. Desjardins analyst R. Ray now anticipates that the company will post earnings per share of $1.34 for the year, down from their previous estimate of $1.43. Desjardins currently has a “Buy” rating and a $24.00 target price on the stock. Desjardins also issued estimates for Kirkland Lake Gold’s FY2020 earnings at $1.91 EPS.

KL has been the subject of several other reports. Scotiabank raised Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$17.50 to C$19.00 in a research report on Friday, November 3rd. National Bank Financial reaffirmed an “outperform” rating and set a C$19.00 target price on shares of Kirkland Lake Gold in a research report on Saturday, September 23rd. Royal Bank of Canada raised their target price on Kirkland Lake Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday. CIBC raised their target price on Kirkland Lake Gold from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets set a C$24.50 target price on Kirkland Lake Gold and gave the stock an “outperform” rating in a research report on Friday. Seven research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of C$23.50.

Kirkland Lake Gold (KL) opened at C$19.89 on Friday. Kirkland Lake Gold has a 12 month low of C$8.16 and a 12 month high of C$20.97. The company has a market capitalization of $4,140.00 and a price-to-earnings ratio of 44.20.

Kirkland Lake Gold (TSE:KL) last announced its quarterly earnings results on Thursday, November 2nd. The company reported C$0.18 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.27 by C($0.09).

In other Kirkland Lake Gold 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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