Roth Capital began coverage on shares of Kirkland Lake Gold (NYSE:KL) in a research report issued on Thursday, January 3rd, Marketbeat reports. The firm set a “buy” rating and a $31.00 price target on the stock. Roth Capital’s price objective would suggest a potential upside of 16.94% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Kirkland Lake Gold from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.50 price objective on shares of Kirkland Lake Gold in a report on Wednesday, December 12th. Finally, Scotiabank reaffirmed a “buy” rating and set a $35.00 price objective on shares of Kirkland Lake Gold in a report on Wednesday, December 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.00.
Shares of KL opened at $26.51 on Thursday. Kirkland Lake Gold has a 12-month low of $13.09 and a 12-month high of $26.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.77 and a current ratio of 2.00. The stock has a market cap of $5.63 billion, a P/E ratio of 37.34 and a beta of -1.03.
Kirkland Lake Gold (NYSE:KL) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $222.70 million for the quarter. Kirkland Lake Gold had a net margin of 25.02% and a return on equity of 20.81%. Analysts anticipate that Kirkland Lake Gold will post 1.23 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of KL. SG Americas Securities LLC bought a new stake in shares of Kirkland Lake Gold during the 2nd quarter valued at $132,000. Shepherd Kaplan Krochuk LLC bought a new stake in shares of Kirkland Lake Gold in the 2nd quarter valued at $201,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Kirkland Lake Gold in the 3rd quarter valued at $224,000. Paloma Partners Management Co bought a new stake in shares of Kirkland Lake Gold in the 3rd quarter valued at $226,000. Finally, IFG Advisory LLC bought a new stake in shares of Kirkland Lake Gold in the 3rd quarter valued at $240,000. Institutional investors own 40.45% of the company’s stock.
About Kirkland Lake Gold
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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