FY2021 EPS Estimates for Kirkland Lake Gold Ltd. Increased by National Bank Financial (TSE:KL)

Kirkland Lake Gold Ltd. (TSE:KL) – Investment analysts at National Bank Financial boosted their FY2021 earnings estimates for Kirkland Lake Gold in a research note issued on Sunday, November 21st. National Bank Financial analyst M. Parkin now anticipates 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 has a “Hold” rating and a $50.00 price target on the stock.

Several other research analysts also recently weighed in on the company. 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. 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. 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, Scotiabank dropped their price target on Kirkland Lake Gold from C$61.00 to C$52.25 in a research note on Tuesday, November 2nd. 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. acquired 50,000 shares of the firm’s stock in a transaction dated Monday, August 30th. The shares were acquired at an average cost of C$49.49 per share, with a total value of C$2,474,500.00. Following the acquisition, the insider now directly owns 100,000 shares of the company’s stock, valued at C$4,949,000.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 13th. Stockholders of record on Wednesday, September 29th were issued a dividend of $0.237 per share. This represents a $0.95 annualized dividend and a dividend yield of 1.84%. This is a boost from Kirkland Lake Gold’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, September 28th. Kirkland Lake Gold’s dividend payout ratio is 17.87%.

About Kirkland Lake Gold

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.

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

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