Kirkland Lake Gold Ltd. (NYSE:KL) has earned an average broker rating score of 1.80 (Buy) from the five brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Kirkland Lake Gold’s rating score has improved by 10% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price target of $19.20 for the company, according to Zacks. Zacks has also assigned Kirkland Lake Gold an industry rank of 205 out of 265 based on the ratings given to related companies.
KL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Kirkland Lake Gold from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, January 3rd. Desjardins upgraded Kirkland Lake Gold from a “hold” rating to a “buy” rating in a report on Monday, November 27th.
Shares of Kirkland Lake Gold (KL) traded down $0.07 on Friday, reaching $15.57. The company’s stock had a trading volume of 458,386 shares, compared to its average volume of 793,337. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.98. The firm has a market cap of $3,280.00 and a P/E ratio of 24.71. Kirkland Lake Gold has a 52 week low of $6.30 and a 52 week high of $16.89.
Kirkland Lake Gold (NYSE:KL) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.10. The company had revenue of $212.36 million during the quarter. Kirkland Lake Gold had a return on equity of 14.37% and a net margin of 17.72%. research analysts anticipate that Kirkland Lake Gold will post 1.09 earnings per share for the current year.
Kirkland Lake Gold Company Profile
Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kirkland Lake Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland Lake Gold and related companies with MarketBeat.com's FREE daily email newsletter.