Kirkland Lake Gold

KL-T

Analysis and Opinions about KL-T

Signal
Opinion
Expert
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.
BUY
BUY
July 22, 2019
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).
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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
TOP PICK
June 28, 2019
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)
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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
PAST TOP PICK
June 18, 2019
(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.
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(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
HOLD
May 31, 2019
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.
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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
TOP PICK
May 15, 2019
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)
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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 WEAKNESS
BUY WEAKNESS
May 6, 2019
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.
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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
TOP PICK
April 29, 2019
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)
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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)
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