Kirkland Lake Gold Ltd. (NYSE:KL) saw an upside of 2.44% to close Tuesday at $44.16 after adding $1.05 on the day. The 5-day average trading volume is 1,167,080 shares of the company’s common stock. It has gained $44.40 in the past week. An average of 2,229,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,767,816.
KL’s 1-month performance is 3.52% or $3.64 on its low of $39.35 reached on 09/28/21. The company’s shares have touched a 52-week low of $31.72 and high of $51.78, with the stock’s rally to the 52-week high happening on 09/27/21. YTD, KL has achieved 7.00% or $2.89. However, the current price is down -14.72%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 36.77 and a low of 8.75. KL stock has a beta of 0.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.61 while the price-to-book (PB) in the most recent quarter is 1.78, with the price to cash flow ratio at 12.53.
Kirkland Lake Gold Ltd. pays an annual dividend of $0.75 per share. Its dividend yield is 1.70% and the payout ratio is 17.60%. KL’s most recent quarterly dividend payment was made on Oct. 13, when it paid $0.1875 a share compared with prior rate of $0.1875, down 0.0% from last year’s. The company has boosted its dividend for the last 3 consecutive years with the latest dividend decrease of $0.0005 reported on Thursday December 17 2020. Measured over the last 3 years, the Dividend has been growing by 1,691.40% yearly.
It is projected that Kirkland Lake Gold Ltd.’s next ex-dividend date will be on Ltd. KL is expected to distribute $30-Dec as its next dividend.
Kirkland Lake Gold Ltd.’s quick ratio for the period ended June 29 was 2.50, with the current ratio over the same period at 2.90 meaning that KL stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 55.80%. The trailing 12-month EBITDA margin is 67.52% while for the period ending June 29; Kirkland Lake Gold Ltd.’s operating margin was 50.20%. The firm’s gross profit as reported stood at $1.87 billion against revenue of $2.46 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected KL to announce $0.84 per share in earnings in its latest quarter, but it posted $0.92, representing a 9.50% surprise. EBITDA for the quarter stood at more than $449.0 million. KL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.93 billion, with total debt at $24.73 million
Let’s look briefly at Kirkland Lake Gold Ltd. (KL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 65.40% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.84%.
The stock’s 5-day moving average is $43.33, reflecting a +3.81% or $1.62 change from its current price. KL is currently trading +2.99% above its 20-day SMA, +0.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +4.00% and +5.17% respectively.
Stochastic %K and %D was 61.40% and 57.67% and the average true range (ATR) pointed at 1.41. The RSI (14) points at 61.08%, while the 14-day stochastic is at 70.42% with the period’s ATR at 1.43. The stock’s 9-day MACD Oscillator is pointing at 0.94 and 1.09 on the 14-day charts.
In the most recent analyst report for Kirkland Lake Gold Ltd. (NYSE: KL), National Bank Financial downgraded it to a Sector perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for KL stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate KL as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is KL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $40.00 and a high of $50.00, with their median price target at $46.50. Looking at these predictions, the average price target given by analysts is for Kirkland Lake Gold Ltd. (KL) stock is $45.75.