NYSE:KLKirkland Lake Gold Stock Price, Forecast & News

Kirkland Lake Gold's stock was trading at $30.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, KL shares have increased by 27.4% and is now trading at $38.61. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kirkland Lake Gold in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Kirkland Lake Gold.

Kirkland Lake Gold is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Kirkland Lake Gold.

Kirkland Lake Gold Ltd (NYSE:KL) posted its quarterly earnings results on Wednesday, May, 6th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.82 by $0.12. The firm had revenue of $554.74 million for the quarter, compared to analyst estimates of $759.84 million. Kirkland Lake Gold had a net margin of 40.05% and a return on equity of 28.04%. The firm's revenue for the quarter was up 81.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. View Kirkland Lake Gold's earnings history.

Kirkland Lake Gold announced a quarterly dividend on Wednesday, December 18th. Investors of record on Tuesday, December 31st will be given a dividend of $0.06 per share on Monday, January 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from Kirkland Lake Gold's previous quarterly dividend of $0.03. View Kirkland Lake Gold's dividend history.

12 Wall Street analysts have issued 12 month price targets for Kirkland Lake Gold's shares. Their forecasts range from $37.00 to $61.00. On average, they expect Kirkland Lake Gold's stock price to reach $50.61 in the next year. This suggests a possible upside of 31.1% from the stock's current price. View analysts' price targets for Kirkland Lake Gold.

Press coverage about KL stock has trended somewhat positive recently, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Kirkland Lake Gold earned a media sentiment score of 1.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutKirkland Lake Gold.

Kirkland Lake Gold saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,370,000 shares, an increase of 41.0% from the April 30th total of 2,390,000 shares. Based on an average trading volume of 2,720,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.3% of the company's shares are short sold. View Kirkland Lake Gold's Current Options Chain.

Some companies that are related to Kirkland Lake Gold include Franco Nevada (FNV), Wheaton Precious Metals (WPM), Agnico Eagle Mines (AEM), AngloGold Ashanti (AU), Kinross Gold (KGC), Gold Fields (GFI), Pan American Silver (PAAS), Sibanye Gold (SBGL), Yamana Gold (AUY), Alamos Gold (AGI), First Majestic Silver (AG), Harmony Gold Mining (HMY), Iamgold (IAG), Osisko gold royalties (OR) and Eldorado Gold (EGO). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kirkland Lake Gold investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), Micron Technology (MU), Netflix (NFLX), Barrick Gold (GOLD), Intel (INTC), Square (SQ) and Verizon Communications (VZ).

Kirkland Lake Gold trades on the New York Stock Exchange (NYSE) under the ticker symbol "KL."

Kirkland Lake Gold's stock is owned by a variety of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (7.62%), Connor Clark & Lunn Investment Management Ltd. (1.33%), Invesco Ltd. (1.03%), Alberta Investment Management Corp (0.79%), The Manufacturers Life Insurance Company (0.78%) and Swiss National Bank (0.77%).

KL stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Janus Henderson Group PLC, Alberta Investment Management Corp, Morgan Stanley, APG Asset Management N.V., APG Asset Management N.V., Wellington Management Group LLP, and Spark Investment Management LLC.

KL stock was acquired by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Invesco Ltd., First Eagle Investment Management LLC, The Manufacturers Life Insurance Company , Connor Clark & Lunn Investment Management Ltd., Mackenzie Financial Corp, Franklin Resources Inc., and Intact Investment Management Inc..

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.

One share of KL stock can currently be purchased for approximately $38.61.

Kirkland Lake Gold has a market capitalization of $10.70 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 1,729 workers across the globe.

The official website for Kirkland Lake Gold is www.klgold.com.

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]