Kirkland Lake Gold (KL) Sets New 12-Month High and Low at $20.28

Kirkland Lake Gold Ltd (NYSE:KL)’s share price reached a new 52-week high and low on Thursday . The company traded as low as $20.28 and last traded at $20.08, with a volume of 24942 shares changing hands. The stock had previously closed at $20.28.

Separately, Zacks Investment Research raised shares of Kirkland Lake Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $17.00.

The company has a market cap of $4.06 billion and a PE ratio of 28.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.37 and a current ratio of 2.71.

Kirkland Lake Gold (NYSE:KL) last issued its earnings results on Wednesday, May 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $198.24 million for the quarter. Kirkland Lake Gold had a net margin of 22.27% and a return on equity of 16.86%. research analysts forecast that Kirkland Lake Gold Ltd will post 1.11 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in shares of Kirkland Lake Gold by 45.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,031,264 shares of the company’s stock valued at $46,560,000 after purchasing an additional 941,769 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Kirkland Lake Gold in the 4th quarter valued at about $229,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Kirkland Lake Gold by 675.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 919,521 shares of the company’s stock valued at $14,113,000 after purchasing an additional 801,013 shares in the last quarter. Swiss National Bank raised its stake in shares of Kirkland Lake Gold by 1.4% in the 4th quarter. Swiss National Bank now owns 303,285 shares of the company’s stock valued at $4,653,000 after purchasing an additional 4,200 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Kirkland Lake Gold by 11.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 236,058 shares of the company’s stock valued at $3,631,000 after purchasing an additional 23,436 shares in the last quarter. Institutional investors and hedge funds own 42.30% of the company’s stock.

Kirkland Lake Gold Company 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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