Two Sigma Investments LP trimmed its holdings in Kirkland Lake Gold (NYSE:KL) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,120,312 shares of the company’s stock after selling 209,831 shares during the quarter. Two Sigma Investments LP owned approximately 0.54% of Kirkland Lake Gold worth $17,217,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA acquired a new position in shares of Kirkland Lake Gold in the 3rd quarter valued at $158,000. Cubist Systematic Strategies LLC acquired a new position in shares of Kirkland Lake Gold in the 3rd quarter valued at $199,000. SG Americas Securities LLC acquired a new position in shares of Kirkland Lake Gold in the 4th quarter valued at $229,000. Schroder Investment Management Group acquired a new position in shares of Kirkland Lake Gold in the 3rd quarter valued at $231,000. Finally, Legal & General Group Plc acquired a new position in shares of Kirkland Lake Gold in the 3rd quarter valued at $360,000. 44.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kirkland Lake Gold stock traded up $0.44 during trading on Friday, reaching $15.59. The company’s stock had a trading volume of 712,496 shares, compared to its average volume of 753,854. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.98. The stock has a market capitalization of $3,292.78 and a price-to-earnings ratio of 21.96. Kirkland Lake Gold has a fifty-two week low of $6.30 and a fifty-two week high of $16.89.
Kirkland Lake Gold (NYSE:KL) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.10. The company had revenue of $212.36 million for the quarter. Kirkland Lake Gold had a net margin of 17.72% and a return on equity of 14.37%. analysts anticipate that Kirkland Lake Gold will post 1.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.0153 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.06 annualized dividend and a yield of 0.39%. Kirkland Lake Gold’s dividend payout ratio is currently 8.45%.
Separately, Zacks Investment Research raised shares of Kirkland Lake Gold from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Kirkland Lake Gold presently has a consensus rating of “Buy” and a consensus price target of $17.00.
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Kirkland Lake Gold Profile
Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates four underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria, Australia, as well as three milling facilities in Canada and Australia.
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