Blueshift Asset Management LLC Invests $201,000 in Kirkland Lake Gold Ltd (KL) Stock
Blueshift Asset Management LLC purchased a new position in Kirkland Lake Gold Ltd (NYSE:KL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,705 shares of the company’s stock, valued at approximately $201,000.
Other large investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp grew its stake in Kirkland Lake Gold by 26,000.0% in the fourth quarter. Toth Financial Advisory Corp now owns 26,100 shares of the company’s stock worth $681,000 after purchasing an additional 26,000 shares in the last quarter. Penserra Capital Management LLC bought a new position in Kirkland Lake Gold in the fourth quarter worth about $11,819,000. Sigma Planning Corp lifted its holdings in Kirkland Lake Gold by 81.0% in the fourth quarter. Sigma Planning Corp now owns 29,613 shares of the company’s stock worth $773,000 after acquiring an additional 13,250 shares during the last quarter. Paloma Partners Management Co bought a new position in Kirkland Lake Gold in the third quarter worth about $226,000. Finally, Cim LLC bought a new position in Kirkland Lake Gold in the fourth quarter worth about $832,000. Institutional investors and hedge funds own 44.01% of the company’s stock.
A number of equities analysts have issued reports on KL shares. Roth Capital raised their target price on shares of Kirkland Lake Gold from $31.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. GMP Securities cut shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Desjardins cut shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Scotiabank reissued a “buy” rating and issued a $35.00 target price on shares of Kirkland Lake Gold in a report on Wednesday, December 12th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $32.50 target price on shares of Kirkland Lake Gold in a report on Wednesday, December 12th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $43.50.
Kirkland Lake Gold (NYSE:KL) last issued its earnings results on Thursday, February 21st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.12. Kirkland Lake Gold had a net margin of 30.32% and a return on equity of 23.51%. The firm had revenue of $280.32 million for the quarter, compared to analysts’ expectations of $282.18 million. As a group, analysts anticipate that Kirkland Lake Gold Ltd will post 2 EPS for the current fiscal year.
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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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