Kirkland Lake Gold Stock Forecast, Price & News

Kirkland Lake Gold's stock was trading at $30.31 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, KL shares have increased by 34.1% and is now trading at $40.65.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kirkland Lake Gold in the last twelve months. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Kirkland Lake Gold stock.
View analyst ratings for Kirkland Lake Gold or view MarketBeat's top 5 stock picks.

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6,978 employees have rated Kirkland Lake Gold CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Kirkland Lake Gold's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Kirkland Lake Gold is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Kirkland Lake Gold.

Kirkland Lake Gold Ltd. (NYSE:KL) issued its quarterly earnings data on Thursday, November, 5th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by $0.01. The company earned $632.80 million during the quarter, compared to the consensus estimate of $835.88 million. Kirkland Lake Gold had a return on equity of 21.03% and a net margin of 33.21%. The business's revenue for the quarter was up 65.9% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share.
View Kirkland Lake Gold's earnings history.

Kirkland Lake Gold declared a quarterly dividend on Thursday, December 17th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.1875 per share on Thursday, January 14th. This represents a $0.75 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, December 30th.
View Kirkland Lake Gold's dividend history.

Kirkland Lake Gold pays an annual dividend of $0.75 per share and currently has a dividend yield of 1.83%. Kirkland Lake Gold has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Kirkland Lake Gold is 27.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Kirkland Lake Gold will have a dividend payout ratio of 19.43% next year. This indicates that Kirkland Lake Gold will be able to sustain or increase its dividend.
View Kirkland Lake Gold's dividend history.

10 brokerages have issued 1-year target prices for Kirkland Lake Gold's shares. Their forecasts range from $37.00 to $95.50. On average, they expect Kirkland Lake Gold's stock price to reach $68.00 in the next twelve months. This suggests a possible upside of 67.3% from the stock's current price.
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Some companies that are related to Kirkland Lake Gold include Barrick Gold (GOLD), Franco-Nevada (FNV), Wheaton Precious Metals (WPM), Agnico Eagle Mines (AEM), Sibanye Stillwater (SBSW), Sibanye Gold (SBGL), AngloGold Ashanti (AU), Kinross Gold (KGC), Gold Fields (GFI), Pan American Silver (PAAS), B2Gold (BTG), Yamana Gold (AUY), Alamos Gold (AGI), NovaGold Resources (NG) and First Majestic Silver (AG).
View all of KL's competitors.

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 (NEM), Square (SQ) and Micron Technology (MU).

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

Kirkland Lake Gold's stock is owned by many different institutional and retail investors. Top institutional shareholders include Galibier Capital Management Ltd. (0.46%), Scout Investments Inc. (0.25%), Addenda Capital Inc. (0.24%), BTR Capital Management Inc. (0.04%), Hexavest Inc. (0.02%) and Bennicas & Associates Inc. (0.02%).

KL stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Patriot Financial Group Insurance Agency LLC, Addenda Capital Inc., Optimum Investment Advisors, and CFO4Life Group LLC.

KL stock was acquired by a variety of institutional investors in the last quarter, including Galibier Capital Management Ltd., Scout Investments Inc., BTR Capital Management Inc., FNY Investment Advisers LLC, Crossmark Global Holdings Inc., Bennicas & Associates Inc., Total Clarity Wealth Management Inc., and Pacifica Partners Inc..

Shares of KL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of KL stock can currently be purchased for approximately $40.65.

Kirkland Lake Gold has a market capitalization of $11.10 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.

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]