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Michael Sprung Kirkland Lake Gold KL-T WEAK BUY Apr 21, 2021

Inflation expectations are building. Though the relation between inflation and gold is questionable, people favour hard assets with retention of value. Some exposure to gold is good, usually around 2-3%. KL's purchase of Detour Gold was brilliant. Well managed, but he prefers companies with many different projects.

Michael SprungMichael Sprung
Unknown
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$48.560

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BUY

Kirkland Lake Gold(KL-T)

Jul 06, 2021

A core intermediate gold producer. They own the largest Canadian gold mine and have a reputation for running high-grade mines like Fosterville in Australia. Their Detour acquisition was meant to stabilize their production base. He believes in management. It's about generating strong free cash flow to fund their new shaft, the Macassa Mine, which is on schedule and offsetting production loss from Fosterville through 2023. KL produces 1.4 million ounces per year. It has a solid balance sheet, but is getting over near-term issues from owning the largest Canadian mine. His go-to company in gold.

Dennis da SilvaDennis da Silva
Owned
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$49.320

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DON'T BUY

Kirkland Lake Gold(KL-T)

Aug 13, 2021
Hesitant to hold any commodities. The price of gold has moved up but there is a lot of volatility. It is difficult to set prices. It is at the market's whim. It could be a boom time but we never know when the bust will occur. Would prefer Franco-Nevada for the royalty model.
Brett Girard, CPA, CA, CFABrett Girard, CPA, CA, CFA
No
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$48.800

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PAST TOP PICK

Kirkland Lake Gold(KL-T)

Sep 03, 2021

(A Top Pick Sep 11/20, Down 25%) Has extremely high amounts of gold in Australia. They bought Detour Gold in Canada which added lots of inventory. Price target of $80. Gold has come off its highs.

Robert McWhirterRobert McWhirter
No
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$53.100

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

Kirkland Lake Gold(KL-T)

Sep 28, 2021
(A Top Pick Feb 24/21, Up 29.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with KL is progressing well and has achieved its $56 objective. To remain disciplined, we recommend covering half the position and trailing up the stop (from $32) to $44 -- just above the initial recommended entry level.
The Panic-Proof Portfolio (Stockchase Research)The Panic-Proof Portfolio (Stockchase Research)
Unknown
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$51.790

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SELL

Kirkland Lake Gold(KL-T)

Sep 29, 2021
Asset light, price makers is what he's interested in right now. Best-run gold company on the planet. Better options out there. Excellent company. He sold out about a year ago around these same levels.
Jason Del VicarioJason Del Vicario
No
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$53.510

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BUY

Kirkland Lake Gold(KL-T)

Oct 04, 2021
He bought it late. He thinks it is a good play right now. There might even be a higher bid coming in. It sticks out as a good play right here.
John ZechnerJohn Zechner
Owned
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$52.380

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HOLD

Kirkland Lake Gold(KL-T)

Oct 28, 2021
Taken over at 2x book value, same as AEM. Virtually a merger of equals made in heaven. AEM has lots of deposits to develop, and KL has lots of money. Gold prices will move higher, so this should move higher. Likes KL and the merger.
Ross HealyRoss Healy
Unknown
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$54.700

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PAST TOP PICK

Kirkland Lake Gold(KL-T)

Jan 21, 2022
(A Top Pick Apr 26/21, Up 4%) Belief in gold as protection against inflation not a good strategy. Has since sold company and does not own it anymore. Not a good investment.
Jason Del VicarioJason Del Vicario
Owned
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$50.550

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TOP PICK

Kirkland Lake Gold(KL-T)

Feb 10, 2022
Merging with AEM. A clean story. His play to be in the gold space but with a very specific choice. Detour Mine is a big asset they can grow around. EMs care more about gold than the developed world. When the world starts growing again, money will come back to the sector and this will be good for gold stocks. Good hedge to geopolitical risk. Yield is 1.93%. (Analysts’ price target is $63.24)
Bill Harris, CFABill Harris, CFA
Owned
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$49.710

Stock price when the opinion was issued

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premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

Kirkland Lake Gold(KL-T)

Mar 29, 2022
(A Top Pick Feb 25/21, Up 15.3%)Stockchase Research Editor: Michael O’Reilly With the recent completed acquisition by AEM now official, we now consider this position closed. When combined with the previous recommendation to cover half the position, this results in a net investment gain of 22%.
The Panic-Proof Portfolio (Stockchase Research)The Panic-Proof Portfolio (Stockchase Research)
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