Kirkland Lake Gold Ltd (KL) Shares Bought by O Shaughnessy Asset Management LLC

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O Shaughnessy Asset Management LLC raised its stake in Kirkland Lake Gold Ltd (NYSE:KL) by 97.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 641,086 shares of the company’s stock after buying an additional 315,625 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Kirkland Lake Gold were worth $12,027,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Kirkland Lake Gold during the 2nd quarter worth approximately $132,000. Shepherd Kaplan Krochuk LLC purchased a new position in shares of Kirkland Lake Gold during the 2nd quarter worth approximately $201,000. Van Hulzen Asset Management LLC purchased a new position in shares of Kirkland Lake Gold during the 2nd quarter worth approximately $211,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Kirkland Lake Gold during the 3rd quarter worth approximately $224,000. Finally, Sigma Planning Corp purchased a new position in shares of Kirkland Lake Gold during the 2nd quarter worth approximately $234,000. 43.29% of the stock is owned by institutional investors.

Shares of KL opened at $18.94 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.00 and a quick ratio of 1.77. Kirkland Lake Gold Ltd has a 1-year low of $13.03 and a 1-year high of $23.86. The company has a market cap of $4.10 billion, a PE ratio of 16.72 and a beta of -0.27.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were paid a dividend of $0.023 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.48%. Kirkland Lake Gold’s dividend payout ratio (DPR) is 12.68%.

A number of brokerages have recently weighed in on KL. Zacks Investment Research raised shares of Kirkland Lake Gold from a “sell” rating to a “hold” rating in a research note on Friday, July 27th. ValuEngine cut shares of Kirkland Lake Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, BMO Capital Markets cut shares of Kirkland Lake Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 18th.

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Kirkland Lake Gold Company Profile

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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Institutional Ownership by Quarter for Kirkland Lake Gold (NYSE:KL)

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