NYSE:KL Kirkland Lake Gold Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Kirkland Lake Gold Ltd Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $52.35 -1.01 (-1.89 %) (As of 09/17/2020 12:00 AM ET) Add Compare Share Today's Range$51.29Now: $52.35▼$52.8050-Day Range$48.16MA: $52.55▼$55.6052-Week Range$18.02Now: $52.35▼$57.69Volume1.54 million shsAverage Volume2.18 million shsMarket Capitalization$14.44 billionP/E Ratio17.81Dividend Yield0.94%Beta0.87 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia. The company was formerly known as Newmarket Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016. Kirkland Lake Gold Ltd. is headquartered in Toronto, Canada.Read More Beat the Market (BTM) Rank™ 3.4 Analyst's Opinion Consensus RatingKirkland Lake Gold has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $60.72, Kirkland Lake Gold has a forecasted upside of 16.0% from its current price of $52.35.Amount of Analyst CoverageKirkland Lake Gold has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.3 Community Rank Outperform VotesKirkland Lake Gold has received 349 “outperform” votes. (Add your “outperform” vote.)Underperform VotesKirkland Lake Gold has received 406 “underperform” votes. (Add your “underperform” vote.)Community SentimentKirkland Lake Gold has received 53.77% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Kirkland Lake Gold and other stocks. Vote “Outperform” if you believe KL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe KL will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend YieldKirkland Lake Gold has a dividend yield of 0.94%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthKirkland Lake Gold has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Kirkland Lake Gold is 18.25%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Kirkland Lake Gold will have a dividend payout ratio of 12.14% next year. This indicates that Kirkland Lake Gold will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Kirkland Lake Gold insiders have not sold or bought any company stock.Percentage Held by Institutions49.81% of the stock of Kirkland Lake Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Kirkland Lake Gold are expected to grow by 22.62% in the coming year, from $3.36 to $4.12 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Kirkland Lake Gold is 17.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.99.Price to Earnings Ratio vs. SectorThe P/E ratio of Kirkland Lake Gold is 17.81, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 39.27.Price to Earnings Growth RatioKirkland Lake Gold has a PEG Ratio of 5.22. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioKirkland Lake Gold has a P/B Ratio of 6.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.17 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Gold & silver ores Sub-IndustryN/A SectorBasic Materials Current SymbolNYSE:KL Previous Symbol CUSIPN/A CIK1713443 Webwww.klgold.com Phone416-840-7884Debt Debt-to-Equity RatioN/A Current Ratio1.95 Quick Ratio1.64Price-To-Earnings Trailing P/E Ratio17.81 Forward P/E Ratio15.58 P/E Growth5.22 Sales & Book Value Annual Sales$1.38 billion Price / Sales10.47 Cash Flow$3.54 per share Price / Cash Flow14.77 Book Value$8.67 per share Price / Book6.04Profitability EPS (Most Recent Fiscal Year)$2.74 Net Income$560.08 million Net Margins36.22% Return on Equity24.32% Return on Assets17.75%Miscellaneous Employees1,981 Outstanding Shares275,915,000Market Cap$14.44 billion Next Earnings Date11/4/2020 (Estimated) OptionableOptionable $52.35 -1.01 (-1.89 %) (As of 09/17/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive KL News and Ratings via Email Sign-up to receive the latest news and ratings for KL and its competitors with MarketBeat's FREE daily newsletter. Kirkland Lake Gold (NYSE:KL) Frequently Asked Questions How has Kirkland Lake Gold's stock been impacted by Coronavirus? Kirkland Lake Gold's stock was trading at $30.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, KL shares have increased by 72.7% and is now trading at $52.35. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Kirkland Lake Gold? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kirkland Lake Gold in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Kirkland Lake Gold. When is Kirkland Lake Gold's next earnings date? Kirkland Lake Gold is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020. View our earnings forecast for Kirkland Lake Gold. How were Kirkland Lake Gold's earnings last quarter? Kirkland Lake Gold Ltd (NYSE:KL) issued its earnings results on Thursday, July, 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.05. The company earned $580.98 million during the quarter, compared to the consensus estimate of $566.08 million. Kirkland Lake Gold had a return on equity of 24.32% and a net margin of 36.22%. View Kirkland Lake Gold's earnings history. How often does Kirkland Lake Gold pay dividends? What is the dividend yield for Kirkland Lake Gold? Kirkland Lake Gold announced a quarterly dividend on Wednesday, June 17th. Investors of record on Tuesday, June 30th will be given a dividend of $0.125 per share on Monday, July 13th. This represents a $0.50 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Monday, June 29th. This is a boost from Kirkland Lake Gold's previous quarterly dividend of $0.06. View Kirkland Lake Gold's dividend history. What price target have analysts set for KL? 10 equities research analysts have issued 12 month price targets for Kirkland Lake Gold's shares. Their forecasts range from $37.00 to $95.50. On average, they anticipate Kirkland Lake Gold's share price to reach $60.72 in the next year. This suggests a possible upside of 16.0% from the stock's current price. View analysts' price targets for Kirkland Lake Gold. Are investors shorting Kirkland Lake Gold? Kirkland Lake Gold saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,740,000 shares, an increase of 10.3% from the August 15th total of 3,390,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.4% of the company's stock are short sold. View Kirkland Lake Gold's Short Interest. Who are some of Kirkland Lake Gold's key competitors? Some companies that are related to Kirkland Lake Gold include Newmont Goldcorp (NEM), Barrick Gold (GOLD), Franco Nevada (FNV), Wheaton Precious Metals (WPM), Agnico Eagle Mines (AEM), Gold Fields (GFI), Kinross Gold (KGC), AngloGold Ashanti (AU), Sibanye Gold (SBGL), Pan American Silver (PAAS), B2Gold (BTG), Yamana Gold (AUY), Alamos Gold (AGI), Harmony Gold Mining (HMY) and First Majestic Silver (AG). View all competitors. What other stocks do shareholders of Kirkland Lake Gold own? Based on aggregate information from My MarketBeat watchlists, some companies that other Kirkland Lake Gold investors own include NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), Alibaba Group (BABA), Cisco Systems (CSCO), AbbVie (ABBV), Barrick Gold (GOLD), Newmont Goldcorp (NEM), QUALCOMM (QCOM) and Walt Disney (DIS). Who are Kirkland Lake Gold's key executives? Kirkland Lake Gold's management team includes the following people: Mr. Anthony Paul Makuch B.Sc., M.Sc., M.B.A., P.Eng., Pres, CEO & Director (Age 61)Mr. David Soares, Chief Financial OfficerMs. Christina Sylvia Jean Ouellette CHRP, Exec. VP of HR (Age 66)Henry Heidrich, Director of Technical ServicesMr. Mark E. F. Utting CFA, VP of Investor Relations What is Kirkland Lake Gold's stock symbol? Kirkland Lake Gold trades on the New York Stock Exchange (NYSE) under the ticker symbol "KL." Who are Kirkland Lake Gold's major shareholders? Kirkland Lake Gold's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.91%), CIBC Asset Management Inc (1.42%), FIL Ltd (1.36%), FMR LLC (1.08%), Ninety One UK Ltd (1.06%) and Swiss National Bank (0.79%). Which institutional investors are selling Kirkland Lake Gold stock? KL stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Alberta Investment Management Corp, Man Group plc, Bank of America Corp DE, Two Sigma Advisers LP, APG Asset Management N.V., Russell Investments Group Ltd., and Intact Investment Management Inc.. Which institutional investors are buying Kirkland Lake Gold stock? KL stock was purchased by a variety of institutional investors in the last quarter, including FIL Ltd, CIBC Asset Management Inc, Gabelli Funds LLC, MERIAN GLOBAL INVESTORS UK Ltd, Addenda Capital Inc., Zweig DiMenna Associates LLC, Galibier Capital Management Ltd., and Canada Pension Plan Investment Board. How do I buy shares of Kirkland Lake Gold? Shares of KL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Kirkland Lake Gold's stock price today? One share of KL stock can currently be purchased for approximately $52.35. How big of a company is Kirkland Lake Gold? Kirkland Lake Gold has a market capitalization of $14.44 billion and generates $1.38 billion in revenue each year. The company earns $560.08 million in net income (profit) each year or $2.74 on an earnings per share basis. Kirkland Lake Gold employs 1,981 workers across the globe. What is Kirkland Lake Gold's official website? The official website for Kirkland Lake Gold is www.klgold.com. How can I contact Kirkland Lake Gold? Kirkland Lake Gold's mailing address is 200 BAY STREET SUITE 3120, TORONTO A6, M5J 2J1. The company can be reached via phone at 416-840-7884 or via email at [email protected] This page was last updated on 9/18/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
