FY2018 Earnings Estimate for Kirkland Lake Gold Ltd (KL) Issued By Desjardins

Kirkland Lake Gold Ltd (TSE:KL) – Investment analysts at Desjardins lowered their FY2018 earnings estimates for shares of Kirkland Lake Gold in a research note issued on Tuesday, January 8th. Desjardins analyst R. Ray now anticipates that the company will post earnings of $1.61 per share for the year, down from their prior estimate of $1.68. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Kirkland Lake Gold’s Q4 2018 earnings at $0.52 EPS.

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Kirkland Lake Gold from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Thursday. BMO Capital Markets upped their target price on shares of Kirkland Lake Gold from C$32.50 to C$35.00 in a research note on Wednesday. TD Securities increased their price objective on shares of Kirkland Lake Gold from C$43.00 to C$45.00 and gave the company a “buy” rating in a research report on Wednesday. Eight Capital increased their price objective on shares of Kirkland Lake Gold from C$33.25 to C$42.50 in a research report on Monday, January 7th. Finally, Roth Capital restated a “buy” rating on shares of Kirkland Lake Gold in a research report on Thursday, January 3rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$37.31.



Shares of TSE KL opened at C$35.22 on Thursday. Kirkland Lake Gold has a 52-week low of C$16.54 and a 52-week high of C$36.12. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.68 and a current ratio of 2.00.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, January 11th. Shareholders of record on Friday, January 11th were given a $0.04 dividend. The ex-dividend date of this dividend was Friday, December 28th. This is an increase from Kirkland Lake Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 0.45%. Kirkland Lake Gold’s dividend payout ratio (DPR) is presently 7.83%.

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.

Further Reading: What is the yield curve?

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

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.

Leave a Reply