Equities Analysts Set Expectations for Kirkland Lake Gold Ltd’s Q1 2019 Earnings (TSE:KL)

Kirkland Lake Gold Ltd (TSE:KL) – Equities research analysts at National Bank Financial issued their Q1 2019 earnings estimates for Kirkland Lake Gold in a research report issued to clients and investors on Wednesday, April 17th, according to Zacks Investment Research. National Bank Financial analyst M. Parkin expects that the company will earn $0.63 per share for the quarter. National Bank Financial has a “Sector Perform” rating and a $54.00 price objective on the stock. National Bank Financial also issued estimates for Kirkland Lake Gold’s FY2019 earnings at $2.68 EPS.

A number of other research analysts have also weighed in on KL. TD Securities raised their price objective on shares of Kirkland Lake Gold from C$53.00 to C$55.00 and gave the company a “hold” rating in a research note on Thursday. Eight Capital raised shares of Kirkland Lake Gold from a “neutral” rating to a “buy” rating and raised their price objective for the company from C$51.25 to C$53.00 in a research note on Monday, April 15th. CIBC raised their price objective on shares of Kirkland Lake Gold from C$48.00 to C$53.00 in a research note on Friday, February 22nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$50.00 price objective on shares of Kirkland Lake Gold in a research note on Tuesday, April 9th. Finally, Desjardins raised their price target on shares of Kirkland Lake Gold from C$39.00 to C$48.00 in a research report on Friday, February 22nd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$46.73.

TSE KL traded down C$0.73 on Friday, hitting C$44.35. 874,800 shares of the company were exchanged, compared to its average volume of 858,781. The firm has a market cap of $9.32 billion and a PE ratio of 28.07. Kirkland Lake Gold has a 12 month low of C$22.42 and a 12 month high of C$48.48. The company has a quick ratio of 1.86, a current ratio of 2.08 and a debt-to-equity ratio of 1.61.

Kirkland Lake Gold (TSE:KL) last issued its earnings results on Tuesday, May 7th. The company reported C$0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.69 by C$0.01. The company had revenue of C$405.40 million for the quarter, compared to the consensus estimate of C$385.90 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.36%. Kirkland Lake Gold’s dividend payout ratio (DPR) is presently 10.13%.

About Kirkland Lake Gold

Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia.

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

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