KL Receives Average “Buy” Rating From Analysts


Kirkland Lake Gold Limited (NYSE: KL) has been given a general “buy” rating by the 11 brokerages covering it presently. Of the research analysts, two have issued a rating of “sell”; one has issued a rating of “hold”; eight has issued a rating of “buy”. The general target price over a period of one year stands at $61.83.

Stock Overview Of KL

Several research analysts have issued their reports on KL stock recently. JPMorgan Chase & Co. began covering the stock on 10th February, Wednesday and issued a rating of “underweight”. National Bank Financial restated their rating of “sector-perform” on 23rd April, Friday. Canaccord Genuity restated their rating of “buy” on 12th April, Monday. CIBC decreased its objective price to $77.50 from $95.50 while issuing a rating of “outperform” on 8th February, Monday. TD Securities increased their rating to “buy” on 16th April, Friday.

On Monday, KL shares opened at a value of $43.33. The highest and lowest value of the shares over a period of one year stands at $57.69 and $31.72 respectively. The market capitalization value stands at $11.57B with a 0.72 beta. The moving average value of the stock over a period of 50 days stands at $39.69 while for 200 days it stands at $38.90.

The latest earnings result of the firm was posted on 6th May, Thursday. An EPS of $0.63 was reported falling behind the consensus $0.67 estimate. It also reported a $551.80M revenue while analysts had forecast $662.39M.

Recently a dividend for the quarter was also announced. The payment date was 14th April, Wednesday. Stockholders received a $0.1875 dividend per share. It indicates an annualized dividend of $0.75 and a 1.73% dividend yield.

Alliancebernstein L.P., Dimensional Fund Advisors LP, UBS Asset Management Americas Inc., K.J. Harrison & Partners Inc, and K.L. Greenhouse Funds LLLP all boosted their holdings of the stock.