KL News and Headlines - Kirkland Lake Gold Ltd

GuruFocus Articles Total 25
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These stocks are positioned to outperform

Gold price outlook

On May 27, gold closed at a price of $1,694.60 per troy ounce on the London bullion market and $1,710.70 per troy ounce on the Comex futures contracts, having gained about 11% so far this year.

According to my estimation, the precious metal will likely trade higher in the weeks ahead, potentially hitting $1,800 per troy ounce as it continues to be used as a safe haven asset against elevated volatility in the markets.

For one, the path for the U.S. economy to get out of recessionary conditions could take longer than expected as high amounts of

212 Views    Alberto Abaterusso    2020-05-28 17:17
Merger arbitrage specialist releases first-quarter portfolio

John Paulson (Trades, Portfolio), head of investment firm Paulson & Co., disclosed his first-quarter portfolio earlier this month.

With the long-term goal of capital preservation, above-average returns and low correlation to the market, the guru’s New York-based firm specializes in event-driven arbitrage strategies, including merger arbitrage, bankruptcy reorganizations and distressed credit.

Sticking to these criteria, the investor revealed he established two new positions during the quarter, exited six stocks and added to or reduced a number of other holdings. Notable transactions included the addition of Kirkland Lake Gold Ltd. (KL) and Navistar International Corp. (NAV) to the

523 Views    Sydnee Gatewood    2020-05-27 15:56
The miner is strongly positioned to benefit from the rally in the gold price

Gold price outlook

Gold closed at $1,671.75 per troy ounce on the London bullion market on Monday, hitting a 7-year high during intraday in response to a sell-off in the equities market worldwide as the coronavirus outbreak has raised fears for a global economic slowdown.

Now the precious metal, which is seen as a safe-haven asset, is up 9.5% year to date and 25.7% over the past 12 months.

Gold is forecasted to uptrend through 2020 as higher volatility and uncertainty arise due to trade conflicts and sluggish demand in key economies.

Kirkland Lake Gold

The share prices of

133 Views    Alberto Abaterusso    2020-02-25 16:11
The Canadian gold producer has several catalysts

The spread between the two-year and 10-year Treasury note yield curve inverted for the first time since 2007 on Tuesday, pushing gold prices and shares of several mining stocks higher as the inversion signals a potential recession.

Gold and its publicly traded producers are safe-haven assets as they provide a shield against economic downturns.

We will likely see more upside in the share price of gold mining stocks in the coming weeks.

Therefore, in order to make the best out of this gold bull market, it is wise to increase positions in operators that are outperforming the industry.

Canadian miner

160 Views    Alberto Abaterusso    2019-08-15 18:26
The stock is a hold

Gold was lower this week on the London Bullion Market, where one ounce closed at $1,285.85 on Wednesday, down nearly 2% from March 1. On the Comex, one ounce traded through gold futures closed at $1,287.8, down 1% over the same period.

Compared to 2018, however, the yellow metal is still trading higher. Year to date, the cumulative average price of the bullion is $1,304.06 per troy ounce versus a cumulative average price of $1,268.49 per troy ounce in 2018. So far this year, the average price of gold futures is $1,307.51 per troy ounce versus an average price of

107 Views    Alberto Abaterusso    2019-03-07 19:09
The Fosterville mine in Australia will lead organic growth

Kirkland Lake Gold Ltd. (KL) jumped 2.27% to $24.34 on Tuesday after posting production targets for 2019, 2020 and 2021.

The Canadian miner is targeting substantial production growth to 740,000 to 800,000 ounces in full fiscal 2019, up from 655,000 to 670,000 ounces forecasted for full fiscal 2018. The Fosterville mine in Australia and the Macassa mine in Canada will drive the improvement in production.

The miner has produced the precious metal from higher ore grades for some time at Fosterville, and especially at Macassa, and will continue to do so over the coming years.

The production of gold from

40 Views    Alberto Abaterusso    2018-12-12 19:33
Peter Lynch Value gives wide Margin of Safety

Several gurus are focusing on stocks whose Peter Lynch fair values are far above their current prices, according to the GuruFocus All-in-One Screener. The following companies are trading with wide margins of safety and have had positive performances over the last 12 months.

Cosan Ltd. (CZZ) is trading around $9 per share. The Peter Lynch value gives the stock a fair price of $11.08, which suggests it is undervalued with a 18% margin of safety. Over the last three months, the stock has registered a positive performance of 34%.

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The company which distributes

249 Views    Tiziano Frateschi    2018-12-01 22:56
The miner performed strongly in spite of lower gold prices

Despite posting strong third quarter financial results, Kirkland Lake Gold Ltd. (KL) was up only 0.05% to $19.56 per share on the New York Stock Exchange on Wednesday.

The mining company posted adjusted net earnings from operations of 29 cents per share, reflecting a nearly 71% increase year over year.

The bottom line was backed by revenue of $222.7 million. On a year over year basis, the top line grew 26% thanks to record gold sales volume of 184,516 ounces.

Gold production hit a quarterly record 180,100 ounces of gold for a 30% increase from the prior-year quarter. Production was

34 Views    Alberto Abaterusso    2018-11-01 15:31
But the stock is not a buy

With a share price of $18.80, Kirkland Lake Gold Ltd. (KL) was flat on Tuesday despite the release of strong results on gold production for the third quarter of 2018. The share price jumped only 0.21% from the previous close.

Third quarter results tell that the use of a second gravity circuit and the processing of high-grade gold ore from the first Swan Zone stope at the Fosterville mine in Australia enabled Kirkland Lake Gold to achieve record quarterly production of the precious metal. Also, thanks to the support of high-performing Canadian operations, Kirkland Lake Gold produced 180,155 ounces of

46 Views    Alberto Abaterusso    2018-10-10 15:32
The investment is value accretive. I would wait for a significant weakness before increasing

On Tuesday Kirkland Lake Gold Ltd. (KL), Kirkland Lake Gold Ltd. a mid-tier producer of gold, announced the acquisition of another 5.03% stake in Osisko Mining Inc. (OSK), equaling 14,705,882 ordinary shares of the company at a price of 1.70 Canadian dollars ($1.30) per share.

The investment has been valued at approximately $19.2 million and will be paid in cash. Following the private placement transaction, Kirkland Lake Gold will hold about 13.61% of Osisko Mining.

According to Tony Makuch, the president and CEO of Kirkland Lake Gold, the investment will increase the presence of the Canadian miner

23 Views    Alberto Abaterusso    2018-09-19 16:17
The stock is trading below its 100- and 50-day SMA lines

President Donald Trump’s plans to impose 10% tariffs on $200 billion worth of Chinese goods is making gold investors anxious. As the tension between the U.S. and China simmers, the U.S. dollar becomes stronger and stronger, which is not supportive of the yellow metal.

The situation is building so much pressure that the bullion may be catapulted beyond $1,250 per ounce once the trade conflict calms down. A strong U.S. dollar does not stimulate the export of U.S. goods and services. If the president continues to impede the U.S. economy, the dollar cannot be supported long term.

Therefore, investors

103 Views    Alberto Abaterusso    2018-09-17 18:58
The miner posted higher sales and earnings

Kirkland Lake Gold Ltd. (KL) soared nearly 6% to $23.19 per share on the New York Stock Exchange on heels of the financial results for the second quarter of fiscal 2018.

Thanks to a boost in the average grade of ore processed at Fosterville in Australia and at Macassa in Canada, Kirkland Lake Gold closed the second quarter with a strong financial performance.

With an invoiced value of $214.65 million for precious metal shipped, the miner reported a 13% year-over-year growth in the revenue. This is the impressive result of turnover backed on an adjusted net earnings of 30 cents

50 Views    Alberto Abaterusso    2018-08-03 01:35
Macassa and Fosterville continue to impress. The stock is not cheap but 2018 is still full of catalysts

Kirkland Lake Gold (KL) advanced 0.4% to $22.32 per share on the New York Stock Exchange on the heels of the release of second-quarter production results.

Kirkland Lake Gold delivered 164,685 ounces of gold at Macassa in Ontario and Fosterville in Australia, easily surpassing its target for the second quarter.

At Macassa and Fosterville, the operator could supply the market with record volumes of quarterly output for 60,571 ounces and monthly output for 31,710 ounces. The second volume refers to the production of gold the company made at Fosterville in June. Compared to 2017, the second quarter

77 Views    Alberto Abaterusso    2018-07-11 15:28
The miner will pay 2.3 cents per ordinary share. The payment date is July 13

Shares of Kirkland Lake Gold Ltd. (KL) are expected to take a leap on the heels of the quarterly dividend announcement. The company has informed its shareholders of a cash dividend of 2.3 cents per ordinary share.

Investors must be on Kirkland Lake Gold’s record not later than June 29, 2018. The ex-dividend date is scheduled for June 28.

The payment is about 7 cents higher than the previous payment of 1.6 cents per common share. If held constant, the quarterly distribution yields a forward annual dividend of approximately 10 cents per share, granting 0.47%.

Kirkland Lake Gold is a

79 Views    Alberto Abaterusso    2018-06-19 14:48
The transaction is a convenient use of financial resources

The Toronto Stock Exchange approved Kirkland Lake Gold Ltd.’s (KL) repurchase of a stake of its own stock.

The company can repurchase a maximum of 16,456,561 ordinary shares. That equals 10% of the public float as of Tuesday, May 15. The stock in Kirkland Lake Gold is made of 211,199,478 shares outstanding. It is at the company’s discretion to determine the acquisition timing and the volume of shares to be acquired for cancellation.

A move to purchase stock on the Toronto Stock Exchange or another Canadian stock exchange will end on May 21, 2019 unless the transaction is

41 Views    Alberto Abaterusso    2018-05-18 14:47
A strong momentum is leading Kirkland Lake Gold. Production and financial figures continue to improve

Kirkland Lake Gold (KL) continues its strong momentum. The stock soared 3.43% to $18.69 per share at the end of regular trading hours on May 4. Kirkland Lake Gold outperformed the Van Eck Vectors Gold Miners ETF (GDX) by 21% this year.

Kirkland Lake Gold’s growth in the first three months of 2018 was led by strong results on production, a significant increase in mineral reserves and by solid first quarter financial figures.

Looking ahead, the company anticipates delivering higher volumes of production through the end of 2018. Higher throughput levels will lower unit costs since

77 Views    Alberto Abaterusso    2018-05-07 16:40
Kirkland Lake achieved a record output at Macassa in Ontario

Friday, April 6, Kirkland Lake Gold Ltd. (KL) jumped 2.9% to $15.59 per share on the heels of strong operating results for the first quarter of fiscal 2018.

Thanks to a record production of gold at Macassa mine (54,038 ounces; +11% year over year) and strong results from Fosterville (63,843 ounces; +39%), the miner closed the first quarter of 2018 with an output of 147,644 ounces. Operations at Macassa (Ontario) and Fosterville (Victoria, Australia) were driven by a positive ore grade encountered during mining.

In the same quarter of fiscal 2017 Kirkland Lake Gold produced a total of 130,426 ounces

95 Views    Alberto Abaterusso    2018-04-08 13:12
Kirkland Lake will continue to outperform its peers in 2018

Gold closed at $1,323.85 on the London Bullion Market on March 29. The precious metal is up $11.8 per troy ounce or plus 0.9% year-to-date. Compared to the first quarter of 2017, the bullion climbed nearly $110 an ounce or 9% on average.

Gold Futures are also trading higher than a year ago. The contracts are up $106.03 or 8.6% to an average of $1,337.32 per troy ounce in the first quarter of 2018 from an average of $1,231.29 per troy ounce in the comparable quarter of 2017.

Because of the existence of certain macroeconomic factors, which are positive to

64 Views    Alberto Abaterusso    2018-04-03 14:48
Financial results impacted them severely

In Wednesday trading, shares of Kirkland Lake Gold Ltd. (KL) were 5% higher on the heels of the company reporting its financial results for the fourth quarter. The company posted adjusted earnings per share of 34 cents. The company’s revenue of $212.36 million was also higher than the figure reported a year earlier, at 62.2% year-over-year.

Tony Makuch, the company's president and CEO, was pleased with the performance achieved in its operations, the organic growth and the shareholder returns. Further, it beat the target range for production and capacity to generate free

38 Views    Omar Venerio    2018-02-21 17:20
Company has strong organic growth, robust cash flows and an attractive AISC

Investment overview

Gold prices have moved higher over the past year, but even when prices were depressed I had a bullish long-term view on the asset class. My investment advice has always been exposure to physical gold followed by investments in gold miners.

Among the large companies in the gold mining sector, I hold a bullish view on Newmont Mining Corp. (NEM). There are several smaller companies in the sector, however, that have created immense value over the past 12 months and can potentially create value over the next several years as well.

Kirkland Lake Gold Ltd. (KL) is

159 Views    Faisal Humayun    2018-01-04 19:05

Headlines Total 137
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