Kirkland Lake Gold Ltd. (NYSE:KL) was up 6.2% on Tuesday . The stock traded as high as $14.36 and last traded at $14.30. Approximately 675,900 shares were traded during trading, an increase of 160% from the average daily volume of 259,766 shares. The stock had previously closed at $13.47.

Several equities research analysts recently weighed in on KL shares. Scotiabank upgraded shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Thursday, November 9th. Desjardins upgraded shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. Royal Bank of Canada restated an “outperform” rating on shares of Kirkland Lake Gold in a research note on Thursday, September 7th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Kirkland Lake Gold in a research note on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $16.00.

The stock has a market cap of $2,968.07 and a P/E ratio of 24.66. The company has a current ratio of 1.59, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.016 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.06 annualized dividend and a dividend yield of 0.44%. Kirkland Lake Gold’s payout ratio is currently 6.82%.

Several large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Kirkland Lake Gold in the third quarter valued at approximately $199,000. U S Global Investors Inc. acquired a new stake in shares of Kirkland Lake Gold in the third quarter valued at approximately $19,512,000. Jane Street Group LLC acquired a new stake in shares of Kirkland Lake Gold in the third quarter valued at approximately $3,826,000. Magnetar Financial LLC acquired a new stake in shares of Kirkland Lake Gold in the third quarter valued at approximately $473,000. Finally, Royce & Associates LP acquired a new stake in shares of Kirkland Lake Gold in the third quarter valued at approximately $1,993,000. Institutional investors own 41.45% of the company’s stock.

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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 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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