Kirkland Lake Gold (KL) Receiving Somewhat Favorable Press Coverage, Report Shows
News coverage about Kirkland Lake Gold (NYSE:KL) has trended somewhat positive on Tuesday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kirkland Lake Gold earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.7730951685448 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Zacks: Analysts Set $17.93 Price Target for Kirkland Lake Gold Ltd. (KL) (americanbankingnews.com)
- Kirkland Lake Gold Ltd. to Post Q4 2017 Earnings of $0.25 Per Share, Desjardins Forecasts (KL) (americanbankingnews.com)
- $0.25 EPS Expected for Kirkland Lake Gold Ltd. (KL) This Quarter (americanbankingnews.com)
- Kirkland Lake Gold Reports Record Annual and Quarterly Production (finance.yahoo.com)
Shares of Kirkland Lake Gold (KL) traded up $0.62 during trading hours on Tuesday, reaching $16.74. 726,600 shares of the company were exchanged, compared to its average volume of 623,952. The company has a market capitalization of $3,350.00 and a P/E ratio of 37.20. Kirkland Lake Gold has a 52 week low of $5.99 and a 52 week high of $16.83. The company has a quick ratio of 1.32, a current ratio of 1.59 and a debt-to-equity ratio of 0.02.
Kirkland Lake Gold (NYSE:KL) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). Kirkland Lake Gold had a return on equity of 10.95% and a net margin of 14.12%. equities analysts anticipate that Kirkland Lake Gold will post 0.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were paid a $0.016 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, December 28th. Kirkland Lake Gold’s dividend payout ratio (DPR) is 13.33%.
KL has been the subject of several research analyst reports. Zacks Investment Research raised shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, September 20th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Kirkland Lake Gold in a research note on Thursday, September 21st. Desjardins began coverage on shares of Kirkland Lake Gold in a research note on Friday, September 29th. They set a “buy” rating for the company. Finally, Scotiabank raised shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $17.00.
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Kirkland Lake Gold Company Profile
Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia.
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