Stevens Capital Management LP Acquires New Holdings in Kirkland Lake Gold Ltd (KL)
Stevens Capital Management LP acquired a new stake in Kirkland Lake Gold Ltd (NYSE:KL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,471 shares of the company’s stock, valued at approximately $769,000.
Several other hedge funds have also recently bought and sold shares of KL. SG Americas Securities LLC acquired a new stake in shares of Kirkland Lake Gold in the second quarter valued at approximately $132,000. Shepherd Kaplan Krochuk LLC acquired a new stake in shares of Kirkland Lake Gold during the second quarter worth $201,000. Van Hulzen Asset Management LLC acquired a new stake in shares of Kirkland Lake Gold during the second quarter worth $211,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Kirkland Lake Gold during the third quarter worth $224,000. Finally, Sigma Planning Corp acquired a new stake in shares of Kirkland Lake Gold during the second quarter worth $234,000. 40.45% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE KL opened at $23.37 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.00 and a quick ratio of 1.77. Kirkland Lake Gold Ltd has a 1-year low of $13.03 and a 1-year high of $23.86. The firm has a market cap of $4.72 billion, a P/E ratio of 32.92 and a beta of -0.25.
KL has been the subject of several recent research reports. Zacks Investment Research downgraded Kirkland Lake Gold from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. ValuEngine raised Kirkland Lake Gold from a “sell” rating to a “hold” rating in a report on Friday, August 17th.
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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 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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