Kirkland Lake Gold Ltd. (TSE:KL) Expected to Post FY2021 Earnings of $4.10 Per Share

Kirkland Lake Gold Ltd. (TSE:KL) – Stock analysts at National Bank Financial upped their FY2021 EPS estimates for shares of Kirkland Lake Gold in a report issued on Sunday, November 21st. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $4.10 for the year, up from their prior estimate of $3.96. National Bank Financial currently has a “Hold” rating and a $50.00 target price on the stock.

Other research analysts also recently issued reports about the company. Scotiabank cut their price objective on Kirkland Lake Gold from C$61.00 to C$52.25 in a research note on Tuesday, November 2nd. Royal Bank of Canada set a C$50.00 price target on Kirkland Lake Gold and gave the stock an “outperform” rating in a research note on Thursday, November 4th. CIBC restated an “outperform” rating and issued a C$77.50 price target on shares of Kirkland Lake Gold in a research note on Thursday, July 29th. Finally, National Bankshares upped their price target on Kirkland Lake Gold from C$55.50 to C$56.00 and gave the stock a “tender” rating in a research note on Friday, November 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kirkland Lake Gold presently has an average rating of “Buy” and a consensus price target of C$63.39.

Shares of TSE:KL opened at C$51.40 on Wednesday. The stock has a 50 day moving average of C$53.78 and a 200 day moving average of C$51.51. The company has a market cap of C$13.55 billion and a PE ratio of 12.25. The company has a current ratio of 3.04, a quick ratio of 2.46 and a debt-to-equity ratio of 0.43. Kirkland Lake Gold has a 12-month low of C$40.07 and a 12-month high of C$58.43.

In other news, insider Kirkland Lake Gold Ltd. purchased 50,000 shares of the stock in a transaction dated Monday, August 30th. The shares were purchased at an average cost of C$49.49 per share, with a total value of C$2,474,500.00. Following the completion of the purchase, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately C$4,949,000.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 13th. Shareholders of record on Wednesday, September 29th were issued a $0.237 dividend. This is a positive change from Kirkland Lake Gold’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 1.84%. The ex-dividend date was Tuesday, September 28th. Kirkland Lake Gold’s dividend payout ratio (DPR) is presently 17.87%.

Kirkland Lake Gold Company Profile

Kirkland Lake Gold Ltd. engages in the acquisition, production, and operation of gold properties. The company holds interest in the Fosterville Mine located in the State of Victoria, Australia; and the Macassa Mine situated in the Municipality of Kirkland Lake, Ontario, Canada, as well as the Detour Lake Mine located in northeastern Ontario, Canada.

See Also: Lock-Up Period Expiration

Earnings History and Estimates for Kirkland Lake Gold (TSE:KL)

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