Kirkland Lake Gold Ltd. (NYSE:KL) – Desjardins decreased their FY2018 earnings per share estimates for shares of Kirkland Lake Gold in a report released on Wednesday. Desjardins analyst R. Ray now forecasts that the company will earn $1.08 per share for the year, down from their previous estimate of $1.14. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Kirkland Lake Gold’s FY2020 earnings at $1.54 EPS.
Several other research firms have also recently commented on KL. Zacks Investment Research cut Kirkland Lake Gold from a “buy” rating to a “sell” rating in a research note on Tuesday, January 16th. Scotiabank raised Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.00.
Shares of Kirkland Lake Gold (KL) opened at $15.93 on Friday. The company has a market capitalization of $3,329.22 and a price-to-earnings ratio of 36.20. Kirkland Lake Gold has a 52 week low of $6.11 and a 52 week high of $16.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.59 and a quick ratio of 1.32.
Kirkland Lake Gold (NYSE:KL) last released its earnings results on Thursday, November 2nd. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.08). Kirkland Lake Gold had a net margin of 14.12% and a return on equity of 10.95%.
Several large investors have recently bought and sold shares of KL. BNP Paribas Arbitrage SA bought a new position in shares of Kirkland Lake Gold in the 3rd quarter worth $158,000. Cubist Systematic Strategies LLC bought a new position in shares of Kirkland Lake Gold in the 3rd quarter worth $199,000. Schroder Investment Management Group bought a new position in shares of Kirkland Lake Gold in the 3rd quarter worth $231,000. Legal & General Group Plc bought a new position in shares of Kirkland Lake Gold in the 3rd quarter worth $360,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Kirkland Lake Gold in the 3rd quarter worth $361,000. Institutional investors and hedge funds own 41.45% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a $0.016 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.06 annualized dividend and a dividend yield of 0.40%. Kirkland Lake Gold’s dividend payout ratio is currently 13.64%.
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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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