Kirkland Lake Gold Ltd (KL) Expected to Earn FY2020 Earnings of $2.48 Per Share

Kirkland Lake Gold Ltd (TSE:KL) – Analysts at Desjardins issued their FY2020 EPS estimates for shares of Kirkland Lake Gold in a research report issued on Sunday, November 11th. Desjardins analyst R. Ray forecasts that the company will post earnings per share of $2.48 for the year. Desjardins also issued estimates for Kirkland Lake Gold’s FY2021 earnings at $2.63 EPS.

Kirkland Lake Gold (TSE:KL) last issued its quarterly earnings results on Tuesday, October 30th. The company reported C$0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.40 by C($0.03). The company had revenue of C$291.05 million during the quarter.

Several other research analysts have also recently issued reports on the company. Pi Financial upgraded Kirkland Lake Gold from a “neutral” rating to a “buy” rating and increased their price objective for the stock from C$24.50 to C$28.50 in a research report on Friday, September 28th. Eight Capital reiterated a “neutral” rating and issued a C$25.00 price objective on shares of Kirkland Lake Gold in a research report on Wednesday, September 12th. Royal Bank of Canada increased their price objective on Kirkland Lake Gold from C$26.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. National Bank Financial increased their price objective on Kirkland Lake Gold from C$33.50 to C$34.00 and gave the stock an “outperform” rating in a research report on Thursday, August 2nd. Finally, BMO Capital Markets cut Kirkland Lake Gold from an “outperform” rating to a “c$28.60” rating in a research report on Wednesday, July 18th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$31.17.

TSE:KL opened at C$24.37 on Wednesday. The company has a current ratio of 2.00, a quick ratio of 1.68 and a debt-to-equity ratio of 2.23. Kirkland Lake Gold has a 1 year low of C$16.54 and a 1 year high of C$30.94.

In other news, Director Jeffrey Scott Parr purchased 5,500 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was acquired at an average price of C$23.94 per share, for a total transaction of C$131,670.00.

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.

See Also: Balance Sheet

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

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