Kirkland Lake Gold (NYSE:KL) – Investment analysts at National Bank Financial cut their FY2018 EPS estimates for Kirkland Lake Gold in a report issued on Monday, April 9th. National Bank Financial analyst M. Parkin now anticipates that the company will earn $1.05 per share for the year, down from their previous estimate of $1.06.
Kirkland Lake Gold (NYSE:KL) last issued its earnings results on Wednesday, February 21st. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.10. Kirkland Lake Gold had a return on equity of 14.37% and a net margin of 17.72%. The firm had revenue of $212.36 million for the quarter.
Shares of NYSE KL opened at $17.04 on Thursday. Kirkland Lake Gold has a 1-year low of $6.30 and a 1-year high of $17.43. The company has a current ratio of 2.30, a quick ratio of 1.98 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $3,656.07 and a price-to-earnings ratio of 24.00.
Several institutional investors and hedge funds have recently modified their holdings of KL. Picton Mahoney Asset Management acquired a new position in shares of Kirkland Lake Gold during the fourth quarter valued at $27,080,000. Investec Asset Management LTD increased its holdings in shares of Kirkland Lake Gold by 362.3% during the fourth quarter. Investec Asset Management LTD now owns 1,761,588 shares of the company’s stock valued at $27,093,000 after purchasing an additional 1,380,516 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Kirkland Lake Gold by 45.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,031,264 shares of the company’s stock valued at $46,560,000 after purchasing an additional 941,769 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Kirkland Lake Gold by 675.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 919,521 shares of the company’s stock valued at $14,113,000 after purchasing an additional 801,013 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Kirkland Lake Gold by 51.9% during the fourth quarter. American Century Companies Inc. now owns 1,400,690 shares of the company’s stock valued at $21,473,000 after purchasing an additional 478,810 shares during the period. 44.14% of the stock is currently owned by institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 29th were issued a dividend of $0.0153 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Wednesday, March 28th. Kirkland Lake Gold’s dividend payout ratio (DPR) is 8.45%.
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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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