Kirkland Lake Gold | StockChase
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Kirkland Lake Gold (KL-T)

Last Price Recorded: $17.9000 on 2017-11-16

ON STOCKCHASE SINCE Dec 2002

precious metals

Kirkland Lake Gold



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Date Signal Company Opinion Expert
2017-11-09
COMMENT

KL-T

$18.380

Kirkland Lake Gold


Recent additions or discoveries in the deeper part of the ore body in Foster Hill in Australia, have been nothing short of spectacular. Some of the best drill holes he has seen in his career. Management seems to understand those deposits well enough that the drilling is becoming predictive. He very much likes this.

precious metals

Rick Rule

Pres. & CEO

BULLISH on GOLD
2017-10-02
PARTIAL SELL

KL-T

$16.350

Kirkland Lake Gold


It has not been around in its current form for long enough for seasonal analysis.  Technically it has been one of the strongest gold stocks in Canada.  Historically it reaches a peak around now and goes into a period of weakness until the end of the year and then into another period of strength.  You might want to take some money off the table.

precious metals

Don Vialoux

Research Analyst

BULL
2017-09-15
HOLD

KL-T

$15.660

Kirkland Lake Gold


Great management. One of the best performers and is up 128% year to date. Just under 600,000 ounces and is kind of a 2nd quartile cost producer. Very good margins. Did a very big merger last year with New Market, which basically makes it an intermediate producer. From its Australian assets, there is a lot of upside in the near term. After 2 years, the Macassa mine in Canada, probably through a 2nd shaft, can grow production by another 200,000 ounces. Great earnings.

precious metals

Dennis da Silva

Managing Director & Sr Portfolio Manager

OPTIMISTIC
2017-04-10
WAIT

KL-T

$10.010

Kirkland Lake Gold


He’s unloaded some of his gold. There are 2 seasonal periods for gold; January-February and July-November. The chart is showing a bit of a top. Although the stock is up in the last couple of days, all the gold complexes are going to come down a little. Whether they accelerate in July like they usually do is yet to be seen. Rate hikes going forward would give a bid to gold, but don’t be a believer until maybe we see yields pushed down a bit.

precious metals

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder

2017-04-05
TOP PICK

KL-T

$10.110

Kirkland Lake Gold


This mines in Ontario and Australia. A $2.5 billion market cap and over 500,000-ounce producer. Main assets are underground in safe jurisdictions with significant exploration upside. They have 2 major cornerstone mines. Good management. Dividend yield of 0.4%. (Analysts’ price target is $12.50.)

precious metals

Dennis da Silva

Managing Director & Sr Portfolio Manager

2017-03-02
STRONG BUY

KL-T

$8.850

Kirkland Lake Gold


Primarily Canadian assets, but also active in Australia.  The North American investor is more receptive to Canadian than global assets.  His firm is one of the largest shareholders.

precious metals

Rick Rule

Pres. & CEO

BULLISH on GOLD
2017-02-16
BUY

KL-T

$10.460

Kirkland Lake Gold


It is often talked about as a takeover candidate and there are going to be more and more acquisitions in the industry.  It is a higher risk producer, but that means a higher potential upside.

precious metals

Fabrice Taylor

Publisher

SELECTIVE
2016-12-23
COMMENT

KL-T

$6.660

Kirkland Lake Gold


This went down with the sector, but dropped a little more than most because of the new market merger. A lot of people didn’t like it because there was the Ontario operation, which they were doing well with, and suddenly 3 Australian properties were added in, so where is a fit and how does it work. This is one of the names he is adding. The balance sheet is in good shape, and it is one of the cash flow generators. (See Top Picks.)

precious metals

John Zechner

Chairman

CAUTIOUS
2016-11-11
COMMENT

KL-T

$8.040

Kirkland Lake Gold


Newmarket Gold (NMI-T) is supposed to be merging with this company, but a new bid has emerged for Kirkland Lake which would kibosh the takeover. However, Goldfields (GV-A) and Silver Standard (SSO-T) have come in over the top with their own bid. He believes most of the value is in the company, but it is lovely to see the auction we have seen. The 1st transaction was a good one, and the 2nd is even better. He is astonished at the price, and hopes buyers understand what they are doing.

precious metals

Rick Rule

Pres. & CEO

2016-10-12
BUY

KL-T

$7.760

Kirkland Lake Gold


He sold in the last month.  It has really pulled back after an issue for capital.  The market is having trouble chewing down their recent acquisition.  It may be a pretty good buying opportunity.  It has corrected more than other mid-sized golds.

precious metals

John Zechner

Chairman

CAUTIOUS
2016-09-28
COMMENT

KL-T

$11.120

Kirkland Lake Gold


These are extremely high quality people and you should Buy. However, the run we have seen is pretty impressive. Unless you own it as a component in a gold portfolio, it really depends on the person. If you own, he would recommend using a trailing stop.

precious metals

Rick Rule

Pres. & CEO

2016-08-11
COMMENT

KL-T

$11.720

Kirkland Lake Gold


A well-run mine. They have turned operations around, but the stock has given him an awful lot awfully fast. Still owns a reasonable amount of this because of his respect for the management.

precious metals

Rick Rule

Pres. & CEO

BULLISH on GOLD
2016-07-26
TOP PICK

KL-T

$10.400

Kirkland Lake Gold


A producer in Northern Ontario with 320,000 ounces a year. They just bought St. Andrews Goldfields, a company that was perpetually starved for capital. They are just digesting those assets now, and thinks they are going to come out with greater financial resources and balance sheet. He also likes the main assets in the Macassa mine, which has grade that goes up as they dig deeper. Over the next 2 years you are going to see the head grades go from 15 g a ton to 18 g a ton. As grades go up, all things being equal, the cash flows going to go up. He sees cash flow expanding by about 15%. Have just had a sudden CEO departure. Rumours are that there was a rift between the CEO and the Board as far as M&A and strategic direction. That has worried a lot of investors which has really weighed on the shares.

precious metals

Jon Case

Portfolio Manager

2016-05-24
HOLD

KL-T

$10.330

Kirkland Lake Gold


(Market Call Minute.) Great management team that has excellent operational experience. They’ve really delivered. Have improved the quality of the gold they are getting.

precious metals

Andrey Omelchak

President & CIO

CAUTIOUS
2016-05-12
BUY

KL-T

$11.380

Kirkland Lake Gold


He has not followed it closely over the last year or so, but his previous employer has gone into it big.  The grades are getting better.  He likes this story.  The Canadian dollar is a bit of a headwind compared to before.  He holds other names.

precious metals

Peter Imhof

Vice President & Portfolio Manager

BULLISH on SMALL CAPS
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