Kirkland Lake Gold Ltd Expected to Post Q3 2018 Earnings of $0.38 Per Share (KL)
Kirkland Lake Gold Ltd (TSE:KL) – Equities researchers at National Bank Financial issued their Q3 2018 EPS estimates for shares of Kirkland Lake Gold in a note issued to investors on Friday, October 12th. National Bank Financial analyst M. Parkin expects that the company will post earnings of $0.38 per share for the quarter. National Bank Financial has a “Outperform” rating and a $34.00 price target on the stock. National Bank Financial also issued estimates for Kirkland Lake Gold’s FY2018 earnings at $1.48 EPS and FY2019 earnings at $1.57 EPS.
Several other research firms have also recently commented on KL. CIBC upped their target price on shares of Kirkland Lake Gold from C$31.00 to C$36.00 in a research report on Tuesday, July 10th. BMO Capital Markets upped their target price on shares of Kirkland Lake Gold from C$28.00 to C$32.50 in a research report on Wednesday, July 11th. Royal Bank of Canada upped their target price on shares of Kirkland Lake Gold from C$26.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Pi Financial upgraded shares of Kirkland Lake Gold from a “neutral” rating to a “buy” rating and upped their target price for the stock from C$24.50 to C$28.50 in a research report on Friday, September 28th. Finally, Eight Capital restated a “neutral” rating and issued a C$25.00 target price on shares of Kirkland Lake Gold in a research report on Wednesday, September 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$30.17.
Kirkland Lake Gold (TSE:KL) last posted its earnings results on Wednesday, August 1st. The company reported C$0.39 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.01). The business had revenue of C$277.03 million for the quarter.
In related news, Director Jeffrey Scott Parr acquired 5,500 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was acquired at an average cost of C$23.94 per share, for a total transaction of C$131,670.00.
The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Thursday, September 27th.
About Kirkland Lake Gold
Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates four underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria, Australia, as well as three milling facilities in Canada and Australia.
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