Kirkland Lake Gold (KL) Earning Somewhat Positive News Coverage, Study Finds
News articles about Kirkland Lake Gold (NYSE:KL) have trended somewhat positive on Tuesday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kirkland Lake Gold earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.7436536162327 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Kirkland Lake Gold (NYSE KL) traded down $0.55 on Tuesday, hitting $13.50. 897,959 shares of the company’s stock were exchanged, compared to its average volume of 705,274. The company has a market capitalization of $2,920.00 and a price-to-earnings ratio of 30.00. Kirkland Lake Gold has a fifty-two week low of $6.30 and a fifty-two week high of $16.89. The company has a current ratio of 1.59, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02.
A number of research firms have weighed in on KL. Zacks Investment Research lowered shares of Kirkland Lake Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Desjardins upgraded shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating in a research report on Monday, November 27th. Finally, Scotiabank upgraded shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.00.
Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia.
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