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

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Kirkland Lake Gold (KL.TO)

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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 Mar 23/18, Up 112%) He took some profits and will redeploy money in the sector. This one has done its job for him. It will be a little volatile because it moved so hard so fast. He is bullish on gold, however.

TOP PICK

The no. 1 performer on the TSX in 2018, up 85%. They have great mines in Ontario and Australia, both stable areas. They keep increasing production targets: produce 1 million ounces of gold a year by 2021. There's a place for precious metals in your portfolio when we hit the inevitable recession and return to quantitative easing. (Analysts’ price target is $42.04)

BUY

Loves it. A great performer. It signals what'll happen to its peers, because it's a new mine without the history of its peers. Good earnings and reserves. Managment is putting it together and it shows in the price.

HOLD

He personally likes to purchase ETFs to diversify risk in the space. He likes the bullish technical chart and thinks it will go higher as long as gold does too.

PARTIAL SELL

Has been fantastic, all-time highs. Lots of gold stocks will do well, as people look for safety. Rates well fundamentally. Could see it coming down and finding support at $30. He'd be taking some profits. If markets rally, this could be a dangerous stock. Has potential to be sold off, as part of a sector rotation. If you want to hold, use 50-day moving average as an exit point.

TOP PICK

If you think gold will break out of its sideways trading range over the past 5 years, this is a winner. He thinks this company has good leverage. Production is growing and he thinks it is cheap. He does not own it yet. Yield 0.5%. (Analysts’ price target is $37.47)

WATCH

It's in his select equity portfolio, the only gold stock there. Major support around $30. Likes this name, but only concern is if new cycle takes hold, and there's a shift into cyclicals, then defensive areas should sell off. Pullback to $30 would be standard, and if it goes below that he'd reduce exposure.

COMMENT

Bullish on gold around the $1200 level, and the longer it stays there the better because building the base will move it higher. This stock is just waiting for something good to happen to the physical commodity.

BUY

He likes this chart a lot and is his only gold holding in his focus portfolio. It tested its 200 day. He sees the uptrend continuing.

BUY

A great stock, especially as other gold stocks implode. One of the TSX performers in the past 12 months. They continue to get stronger gold grades all the time. Operations are good and their margins continue to increase, even more if gold prices rise.

BUY

Just exit their position on this stock because gold price is difficult to predict. The number one company in the sector. Not cheap but the execute well. Top notch management team. Almost not debt. Strong company. He thinks it will come back to their highs.

COMMENT

The stock got ahead of itself and has pulled back to a reasonable level. He's more positive about gold now for the frist time in a while, because the US dollar has peaked and he thinks it will roll over. The US government will become a massive borrower, and commodity prices will benefit from this. He's getting negative about the USD.

HOLD

If you’ve been patient, you’ve done well. One of the better performers in a tough industry. Well run, well respected. (Analysts’ price target is around $33.)

PARTIAL SELL

It's done very well the past year. If he owned it, he would take some profits. Management has done a superb job.

TOP PICK

They are in Australia and Canada. It bucks all the trends of gold here. It is in a fantastic trend. They increased their resource 31% year over year. It is a fantastically well run company. They report in a couple of days. (Analysts’ target: $26.00).

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Kirkland Lake Gold (KL.TO)