Kirkland Lake Gold

KL-T

Analysis and Opinions about KL-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
March 27, 2020
(A Top Pick Mar 15/19, Down 1%) He was taking profit on the way up. They recently merged with another producer and has since shut that mine due to COVID-19. He still has it as a buy with a $53 target.
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(A Top Pick Mar 15/19, Down 1%) He was taking profit on the way up. They recently merged with another producer and has since shut that mine due to COVID-19. He still has it as a buy with a $53 target.
HOLD
HOLD
March 13, 2020
They closed on an acquisition in November. The open pit, above ground operation they bought is not being well received and they have also had to take a reserve write-down on their existing mines. If you own it, keep holding it. She is not a buyer or gold stocks -- she prefers to own a royalty company instead.
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They closed on an acquisition in November. The open pit, above ground operation they bought is not being well received and they have also had to take a reserve write-down on their existing mines. If you own it, keep holding it. She is not a buyer or gold stocks -- she prefers to own a royalty company instead.
COMMENT
COMMENT
March 11, 2020

Gold? He likes gold as a safe haven. He thinks it could head to $2000 per oz, especially if interest rates continue to fall. He prefers owning the GLD ETF -- why take unforseen operational risk? He also holds Kirkland Lake.

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Gold? He likes gold as a safe haven. He thinks it could head to $2000 per oz, especially if interest rates continue to fall. He prefers owning the GLD ETF -- why take unforseen operational risk? He also holds Kirkland Lake.

HOLD
HOLD
March 2, 2020

Did problems with their Fosterville mine prompt Kl to buy Detour Gold? Yes, there's speculation about those reserves. Detour shareholders complain they didn't get paid enough while KL shareholders object to the low quality of Detour mines. He believes bigger companies are better--they're more liquid with lower cost of capital in a capital-intense business. KL will go through some rocky times until the market adjusts to the new reality of KI. !2-18 months from now, will be forgiven and KL will be a darling again.

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Did problems with their Fosterville mine prompt Kl to buy Detour Gold? Yes, there's speculation about those reserves. Detour shareholders complain they didn't get paid enough while KL shareholders object to the low quality of Detour mines. He believes bigger companies are better--they're more liquid with lower cost of capital in a capital-intense business. KL will go through some rocky times until the market adjusts to the new reality of KI. !2-18 months from now, will be forgiven and KL will be a darling again.

Rick Rule

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Price
$43.290
Owned
Unknown
HOLD
HOLD
February 21, 2020
It's sold off recently and they lowered their target to hold. However, he's held it for a long time. He likes it for the leverage to earnings. Financially, the leverage is good going forward. Price appreciation and the price of gold has created opportunity. It is a core position. They also pay a dividend. Every time they sell-off, management has done a good job to bring back value. (Analysts’ price target is $55.00)
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Kirkland Lake Gold (KL-T)
February 21, 2020
It's sold off recently and they lowered their target to hold. However, he's held it for a long time. He likes it for the leverage to earnings. Financially, the leverage is good going forward. Price appreciation and the price of gold has created opportunity. It is a core position. They also pay a dividend. Every time they sell-off, management has done a good job to bring back value. (Analysts’ price target is $55.00)
DON'T BUY
DON'T BUY
February 20, 2020
We just finished seasonality on Gold. We had a rising trend line that broke in 2019. He is not sure that this is the opportunity even though we are in the period of seasonal strength.
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Kirkland Lake Gold (KL-T)
February 20, 2020
We just finished seasonality on Gold. We had a rising trend line that broke in 2019. He is not sure that this is the opportunity even though we are in the period of seasonal strength.
BUY
BUY
February 10, 2020
Does the deal with Detour Gold make this attractive now? It was the top performing gold stock in recent years, but investors are disappointed with this deal. The deal makes sense, though. This initial sell-off creates an opportunity. KL is more reasonably valued now. Gold will continue to rise, but the stronger USD needs to weaken for gold and commodities to take off.
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Kirkland Lake Gold (KL-T)
February 10, 2020
Does the deal with Detour Gold make this attractive now? It was the top performing gold stock in recent years, but investors are disappointed with this deal. The deal makes sense, though. This initial sell-off creates an opportunity. KL is more reasonably valued now. Gold will continue to rise, but the stronger USD needs to weaken for gold and commodities to take off.
PAST TOP PICK
PAST TOP PICK
January 23, 2020

(A Top Pick Mar 15/19, Up 26%) Merger with Detour Gold is creating a better entity. Longer streamed production, better leverage on the balance sheet. It will be 10% of his portfolio.

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Kirkland Lake Gold (KL-T)
January 23, 2020

(A Top Pick Mar 15/19, Up 26%) Merger with Detour Gold is creating a better entity. Longer streamed production, better leverage on the balance sheet. It will be 10% of his portfolio.

PAST TOP PICK
PAST TOP PICK
January 20, 2020

(A Top Pick Jan 21/19, Up 61%) They dropped 17% in November on the announcement of DGC-T. He will continue to hold them.

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Kirkland Lake Gold (KL-T)
January 20, 2020

(A Top Pick Jan 21/19, Up 61%) They dropped 17% in November on the announcement of DGC-T. He will continue to hold them.

PAST TOP PICK
PAST TOP PICK
December 27, 2019
(A Top Pick Dec 28/18, Up 66%) Sold it. KL is hugely profitable with two Australian mines, producing high-yield gold. Meanwhile the price of gold has been leaping this year. They bought Detour Gold, which has much less profitable mine. Also look hard at Teranga Gold.
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Kirkland Lake Gold (KL-T)
December 27, 2019
(A Top Pick Dec 28/18, Up 66%) Sold it. KL is hugely profitable with two Australian mines, producing high-yield gold. Meanwhile the price of gold has been leaping this year. They bought Detour Gold, which has much less profitable mine. Also look hard at Teranga Gold.
COMMENT
COMMENT
December 18, 2019

Gold? He is likes gold as commodity prices are generally rising with a falling US dollar. The problem is that mining companies have a history of being self-destructive. He thinks the latest Kirkland Lake acquisition is a bad decision. He prefers Franco-Nevada that plays more as a royalty play.

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Kirkland Lake Gold (KL-T)
December 18, 2019

Gold? He is likes gold as commodity prices are generally rising with a falling US dollar. The problem is that mining companies have a history of being self-destructive. He thinks the latest Kirkland Lake acquisition is a bad decision. He prefers Franco-Nevada that plays more as a royalty play.

SELL STRENGTH
SELL STRENGTH
November 20, 2019
Likes it. He has trimmed his holding given the recent run-up. Good to hold, but can take a bit of money off the table.
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Kirkland Lake Gold (KL-T)
November 20, 2019
Likes it. He has trimmed his holding given the recent run-up. Good to hold, but can take a bit of money off the table.
BUY
BUY
October 23, 2019
A stellar performer, a great company, a more conservative holding for him.
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Kirkland Lake Gold (KL-T)
October 23, 2019
A stellar performer, a great company, a more conservative holding for him.
PAST TOP PICK
PAST TOP PICK
October 21, 2019
(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.
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Kirkland Lake Gold (KL-T)
October 21, 2019
(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
HOLD
October 16, 2019
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.
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Kirkland Lake Gold (KL-T)
October 16, 2019
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.
Showing 1 to 15 of 107 entries

Kirkland Lake Gold(KL-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 10

Neutral - Hold Signals / Votes : 6

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 18

Stockchase rating for Kirkland Lake Gold is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Kirkland Lake Gold(KL-T) Frequently Asked Questions

What is Kirkland Lake Gold stock symbol?

Kirkland Lake Gold is a Canadian stock, trading under the symbol KL-T on the Toronto Stock Exchange (KL-CT). It is usually referred to as TSX:KL or KL-T

Is Kirkland Lake Gold a buy or a sell?

In the last year, 18 stock analysts published opinions about KL-T. 10 analysts recommended to BUY the stock. 2 analyst recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Kirkland Lake Gold.

Is Kirkland Lake Gold a good investment or a top pick?

Kirkland Lake Gold was recommended as a Top Pick by Jaime Carrasco on 2020-03-27. Read the latest stock experts ratings for Kirkland Lake Gold.

Why is Kirkland Lake Gold stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Kirkland Lake Gold worth watching?

18 stock analysts on Stockchase covered Kirkland Lake Gold In the last year. It is a trending stock that is worth watching.

What is Kirkland Lake Gold stock price?

On 2020-04-08, Kirkland Lake Gold (KL-T) stock closed at a price of $47.13.