Kirkland Lake Gold (KL.TO) Buy, Sell or Hold

Kirkland Lake Gold (KL.TO)

49.71

+1.01 (2.07%)

as of Feb 9, 2022, 9:00:00 pm Market Open.

318 watching

PAST TOP PICK

(A Top Pick Dec 28/18, Up 72%) It did very well and passed on his quantitative system. Their free cash flow is huge. You still have a 5% free cash flow yield, which is above average. Copper stocks should outperform gold stocks over the next 6 months. Then money will move back into gold.

HOLD

He visited the mine in Australia -- a tier one asset with high grade and high volume. The issue becomes what do you do from here -- where is the next tier one asset? Their market cap is about $10 billion.

BUY

Gold is hot now as interest rates decline. He's bullish in precious metals, and KL is a leader in this space, a go-to name in this gold rally. However, the valuation is a little inflated (the same can be said about the FAANGs).

TOP PICK

They've done very well, especially from their Fosterville mine in Australia. Higher gold prices will be a tailwind. This is best of breed. (Analysts’ price target is $53.86)

PAST TOP PICK

(A Top Pick Mar 15/19, Up 15%) His fundamental analyst is calling for $60. He thinks a near term pause or retracement may occur, but not before getting towards $54-$56.

HOLD

He is getting bullied up on the precious metal space. If the economy weakens, you will see central bank intervention. As debt to GDP ratios continue to go higher, he sees inflation returning. He thinks in about a year, you could see something like the 1970s stagflation period. This would be very good for precious metals -- not so good for equities. KL-T is a bit expensive and he would prefer others. He thinks silver prices could rise dramatically compared to gold if the stagflation scenario unfolds.

TOP PICK

The best gold chart. He's bullish gold. The chart has stabilized and is now seeing higher highs and lows. $58 is his target. (Analysts’ price target is $51.52)

BUY ON WEAKNESS

It has been a real winner as far as the gold sector has been concerned. It needs the underlying commodity to behave a little better. He would add on pullbacks. You could also consider other intermediate golds.

TOP PICK

Up 21% since Dec. 28, but he expects 15% more upside. Pays only a 0.5% dividend. Sales in their last report were up 35%, earnings up 61%. Free cash flow of 5.6%. Earnings estimates have risen to 56% in 2019, giving a 35% ROE. He once owned it and wants to re-buy it. (Analysts’ price target is $51.86)

COMMENT

He loves gold as an asset class, and he expects a 20% swing upward in 6-12 months. KL has performed well, but he prefers diversification instead of a specific gold stock, like the ZGD-T ETF.

HOLD

It has had such a big move over 18 months. It is still quite solid. Technical tools suggested about 10 days ago he should reduce gold holdings and this was one of those. If you are a long term investor then the ups and downs should not concern you. You could step into this one right now.

PAST TOP PICK

(A Top Pick Apr 30/18, Up 103%) Doesn't act like a gold stock. Took profits. Fantastically well run. Owns Franco-Nevada now.

TOP PICK

This has been the best performer in the portfolio. He has taken some money off the table. He expects it to continue to move. Good reserves and good production. A solid name. Yield = 0.35% (Analysts’ price target is $51.22)

PARTIAL BUY

The operational performance has been extraordinary. You are paying up for quality now after the stock had a big run.

COMMENT

He does not trade gold stocks. They are a flight-to-safety stock. This would be the absolute champ if he wanted to buy a gold stock. It has cash flow and a good return on equity. It is not cheap but they beat recently.

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Kirkland Lake Gold (KL.TO)