Wall Street Analyst Downgrade Kirkland Lake Gold Ltd. [KL]. What else is Wall St. saying

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Kirkland Lake Gold Ltd. [NYSE: KL] closed the trading session at $40.81 on 11/24/21. The day’s price range saw the stock hit a low of $40.43, while the highest price level was $41.0589. The company report on November 19, 2021 that Agnico Eagle and Kirkland Lake Gold Remind Shareholders to Vote “FOR” Their Proposed Merger.

Deadline for Agnico shareholders to vote is 10:00 a.m. EST on November 24, 2021.


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Deadline for Kirkland shareholders to vote is 11:00 a.m. EST on November 24, 2021.

The stocks have a year to date performance of -1.11 percent and weekly performance of -9.23 percent. The stock has been moved at -7.10 percent over the last six months. The stock has performed -10.19 percent around the most recent 30 days and changed 7.39 percent over the most recent 3-months.

If compared to the average trading volume of 1.70M shares, KL reached to a volume of 876848 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Kirkland Lake Gold Ltd. [KL]:

National Bank Financial have made an estimate for Kirkland Lake Gold Ltd. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on March 17, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price to Underweight. The new note on the price target was released on February 10, 2021, representing the official price target for Kirkland Lake Gold Ltd. stock.

The Average True Range (ATR) for Kirkland Lake Gold Ltd. is set at 1.13, with the Price to Sales ratio for KL stock in the period of the last 12 months amounting to 4.30. The Price to Book ratio for the last quarter was 1.61, with the Price to Cash per share for the same quarter was set at 3.04. Price to Free Cash Flow for KL in the course of the last twelve months was 13.88 with Quick ratio for the last quarter at 2.50.

KL stock trade performance evaluation

Kirkland Lake Gold Ltd. [KL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.23. With this latest performance, KL shares dropped by -10.19% in over the last four-week period, additionally sinking by -7.10% over the last 6 months – not to mention a rise of 5.02% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KL stock in for the last two-week period is set at 35.85, with the RSI for the last a single of trading hit 28.93, and the three-weeks RSI is set at 40.60 for Kirkland Lake Gold Ltd. [KL]. The present Moving Average for the last 50 days of trading for this stock 43.31, while it was recorded at 42.04 for the last single week of trading, and 40.03 for the last 200 days.

Kirkland Lake Gold Ltd. [KL]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Kirkland Lake Gold Ltd. [KL] shares currently have an operating margin of +51.94 and a Gross Margin at +56.48. Kirkland Lake Gold Ltd.’s Net Margin is presently recorded at +32.02.

Return on Total Capital for KL is now 38.57, given the latest momentum, and Return on Invested Capital for the company is 23.84. Return on Equity for this stock inclined to 23.92, with Return on Assets sitting at 17.13. When it comes to the capital structure of this company, Kirkland Lake Gold Ltd. [KL] has a Total Debt to Total Equity ratio set at 0.51. Additionally, KL Total Debt to Total Capital is recorded at 0.51, with Total Debt to Total Assets ending up at 0.37. Long-Term Debt to Equity for the company is recorded at 0.38, with the Long-Term Debt to Total Capital now at 0.38.

Reflecting on the efficiency of the workforce at the company, Kirkland Lake Gold Ltd. [KL] managed to generate an average of $367,112 per employee. Receivables Turnover for the company is 96.20 with a Total Asset Turnover recorded at a value of 0.53.Kirkland Lake Gold Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 3.00.

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Kirkland Lake Gold Ltd. [KL]: Insider Ownership positions

There are presently around $5,725 million, or 64.44% of KL stock, in the hands of institutional investors. The top three institutional holders of KL stocks are: VAN ECK ASSOCIATES CORP with ownership of 16,262,953, which is approximately -5.576% of the company’s market cap and around 4.12% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 11,822,897 shares of the stock with an approximate value of $482.49 million in KL stocks shares; and VANGUARD GROUP INC, currently with $341.13 million in KL stock with ownership of nearly 2.325% of the company’s market capitalization.

Positions in Kirkland Lake Gold Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 148 institutional holders increased their position in Kirkland Lake Gold Ltd. [NYSE:KL] by around 16,548,273 shares. Additionally, 138 investors decreased positions by around 11,810,406 shares, while 55 investors held positions by with 111,928,483 shares. The mentioned changes placed institutional holdings at 140,287,162 shares, according to the latest SEC report filing. KL stock had 40 new institutional investments in for a total of 6,061,682 shares, while 32 institutional investors sold positions of 2,044,360 shares during the same period.

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