Could Kirkland Lake Gold Ltd. (KL) Recover After Today’s Big Decline?

The stock of Kirkland Lake Gold Ltd. (NYSE:KL) is a huge mover today! The stock decreased 3.27% or $1.44 during the last trading session, reaching $42.42. About 1.93 million shares traded or 20.84% up from the average. Kirkland Lake Gold Ltd. (NYSE:KL) has risen 90.80% since September 13, 2018 and is uptrending. It has outperformed by 90.80% the S&P500.
The move comes after 7 months negative chart setup for the $8.94B company. It was reported on Sep, 13 by Barchart.com. We have $40.30 PT which if reached, will make NYSE:KL worth $447.20M less.

Analysts await Kirkland Lake Gold Ltd. (NYSE:KL) to report earnings on October, 29. They expect $0.68 earnings per share, up 142.86 % or $0.40 from last year’s $0.28 per share. KL’s profit will be $143.37 million for 15.60 P/E if the $0.68 EPS becomes a reality. After $0.50 actual earnings per share reported by Kirkland Lake Gold Ltd. for the previous quarter, Wall Street now forecasts 36.00 % EPS growth.

More notable recent Kirkland Lake Gold Ltd. (NYSE:KL) news were published by: Fool.ca which released: “Alert! Gold Can Hit $2000 in the Next Year – The Motley Fool Canada” on September 07, 2019, also Seekingalpha.com with their article: “Kirkland Lake Gold Is Simply Amazing – Seeking Alpha” published on May 16, 2019, Prnewswire.com published: “6 Gold Trends to Watch as The Trade War Heats up – PRNewswire” on August 22, 2019. More interesting news about Kirkland Lake Gold Ltd. (NYSE:KL) were released by: Seekingalpha.com and their article: “Kirkland Lake Gold: What Now? – Seeking Alpha” published on March 27, 2019 as well as Fool.ca‘s news article titled: “TFSA Investors: Buy These 3 Companies Before Purchasing More Cannabis Stock – The Motley Fool Canada” with publication date: September 13, 2019.

Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company has market cap of $8.94 billion. The firm owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia. It has a 23.83 P/E ratio. The firm was formerly known as Kirkland Lake Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016.

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