Kirkland Lake Gold Ltd (KL) Stock Forecast & Predictions

Kirkland Lake Gold Ltd KL: $38.56

, , , . | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web:

  • Market Cap$10.48B
  • Change (52 Weeks)0.15%
  • Low (52 Weeks)$31.72
  • Kirkland Lake Gold Ltd (KL) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 6.25% are on Buy, 43.75% on Sell, and 50.00% Neutral.

    According to the market data, Kirkland Lake Gold Ltd (KL) stock price is $38.56 and the 52 weeks low is $31.72, which means the Kirkland Lake Gold Ltd stock price is up 0.15% in the last 12 months.

    Kirkland Lake Gold Ltd (KL) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 6.25% are indicating that KL Stock price might rise further, 43.75% indicating that KL Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall KL stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Kirkland Lake Gold Ltd (KL) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Kirkland Lake Gold Ltd (KL) is based on 19 Institutional Analyst Ratings where 52.63% are on Strong Buy, 31.58% on Moderate Buy, 10.53% remains on Hold, 0.00% are on Moderate Sell and 5.26% are on Strong Sell.

    Out of 19 Institutional Analysts, majority recommended KL stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Kirkland Lake Gold Ltd.

    Kirkland Lake Gold Ltd (KL) Stock Price Prediction By Analysts


    HighLowAverage
    $47.25$40.40$43.52
    $43.5212.86% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for KL set by the institutional analysts is $43.52 where High Estimate is $47.25, Median $43.86 and Low $40.40.

    The average price target for KL by Institutional Analysts is $43.52, which is 12.86% Upside from the current price. So according to the Institutional Analysts, KL Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Kirkland Lake Gold Ltd (KL) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with KL stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about KL and holding their positions hoping for a further rise in the stock price and more profit.

    Kirkland Lake Gold Ltd (KL) Stock Forecast Based on News Sentiment


    Neutral
    Based on 2 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of KL consisting of positive and negative, it shows that Kirkland Lake Gold Ltd had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so KL stock price most likey won't have any reaction to last weeks news coverage.

    Kirkland Lake Gold Ltd (KL) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Eight CapitalBuyDowngraded
    TD SecuritiesAction List BuyUpgraded
    CfraBuyInitiated
    TD SecuritiesBuyUpgraded
    National BanksharesDowngraded
    National BankDowngraded
    Canaccord GenuityDowngraded
    JPMorgan ChaseUnderweightInitiated
    CIBC World MarketsDowngraded
    National Bank FinancialOutperformUpgraded
    National Bank FinancialOutperformDowngraded
    BMO Capital MarketsDowngraded
    SbankDowngraded
    National Bank FinancialOutperformUpgraded
    TD SecuritiesBuyDowngraded
    National Bank FinancialSector PerformDowngraded
    BMO Capital MarketsUpgraded
    Eight CapitalUpgraded
    B of A SecuritiesBuyMaintained
    National Bank FinancialUpgraded
    National Bank FinancialSector PerformUpgraded
    TD SecuritiesBuyUpgraded
    CIBC World MarketsUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityUpgraded
    Eight CapitalUpgraded
    Eight CapitalUpgraded
    National Bank FinancialSector PerformDowngraded
    Roth CapitalBuyUpgraded
    Roth CapitalBuyUpgraded
    Canaccord GenuityUpgraded
    National Bank FinancialUpgraded
    CIBC World MarketsUpgraded
    Eight CapitalDowngraded
    National Bank FinancialOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    CIBCOutperformerUpgraded
    TD SecuritiesBuyUpgraded
    National Bank FinancialOutperformUpgraded
    National Bank FinancialSector PerformDowngraded
    TD SecuritiesHoldDowngraded
    SbankDowngraded
    CIBC World MarketsDowngraded
    BMO Capital MarketsDowngraded
    Canaccord GenuityUpgraded
    BMO Capital MarketsDowngraded
    National Bank FinancialSector PerformInitiated
    CIBC World MarketsUpgraded
    Canaccord GenuityDowngraded
    National Bank FinancialUnderperformDowngraded
    National Bank FinancialSector PerformDowngraded
    Canaccord GenuityDowngraded
    TD SecuritiesHoldUpgraded
    National Bank FinancialSector PerformDowngraded
    Roth CapitalNeutralDowngraded
    CIBC World MarketsUpgraded
    Credit SuisseNeutralInitiated
    BMO Capital MarketsUpgraded
    RBC CapitalSector PerformDowngraded
    National Bank FinancialSector PerformUpgraded
    National Bank FinancialSector PerformUpgraded
    Eight CapitalUpgraded
    BMO Capital MarketsUpgraded
    PI FinancialUpgraded
    Desjardins SecuritiesUpgraded
    CIBC World MarketsUpgraded
    National Bank FinancialSector PerformUpgraded
    RBC CapitalUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityBuyInitiated
    BMO Capital MarketsMarket PerformInitiated
    National Bank FinancialDowngraded
    RBC CapitalOutperformUpgraded
    ScotiabankSector PerformDowngraded
    BMO Capital MarketsMarket PerformInitiated
    TD SecuritiesHoldDowngraded
    National Bank FinancialOutperformUpgraded
    Eight CapitalNeutralDowngraded
    Desjardins SecuritiesUpgraded
    CIBC World MarketsUpgraded
    National Bank FinancialOutperformUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityBuyInitiated
    Eight CapitalUpgraded
    BMO Capital MarketsUpgraded
    RBC CapitalOutperformUpgraded
    TD SecuritiesBuyUpgraded
    BMO Capital MarketsUpgraded
    Eight CapitalUpgraded
    RBC CapitalOutperformUpgraded
    RBC CapitalUpgraded
    TD SecuritiesBuyUpgraded
    Desjardins SecuritiesUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsUpgraded
    National Bank FinancialOutperformUpgraded
    Eight CapitalBuyUpgraded
    PI FinancialUpgraded
    Desjardins SecuritiesUpgraded
    Eight CapitalNeutralInitiated
    PI FinancialBuyUpgraded
    RBC CapitalOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    BMO CapitalMarket PerformDowngraded
    National Bank FinancialUpgraded
    BMO Capital MarketsUpgraded
    CIBC World MarketsUpgraded
    SbankOutperformInitiated
    TD SecuritiesBuyUpgraded
    CIBC World MarketsUpgraded
    National Bank FinancialOutperformUpgraded
    SbankOutperformInitiated
    BMO Capital MarketsOutperformInitiated
    BMO Capital MarketsUpgraded
    RBC CapitalOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    Desjardins SecuritiesUpgraded
    SbankOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    RBC CapitalOutperformUpgraded
    BMO Capital MarketsOutperformInitiated
    National Bank FinancialOutperformUpgraded
    SbankOutperformInitiated
    Desjardins SecuritiesBuyUpgraded
    DesjardinsBuyUpgraded
    RBC CapitalOutperformUpgraded
    CIBC World MarketsUpgraded
    SbankSector PerformDowngraded
    Desjardins SecuritiesHoldDowngraded
    BMO Capital MarketsUpgraded
    Desjardins SecuritiesBuyReiterated
    National Bank FinancialOutperformReiterated
    RBC CapitalOutperformUpgraded
    SbankOutperformUpgraded
    National Bank FinancialMaintained
    SbankOutperformMaintained
    CIBC World MarketsMaintained
    CIBC World MarketsMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsMarket PerformMaintained
    SbankOutperformMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsMaintained
    RBC CapitalOutperformMaintained
    SbankOutperformMaintained
    National Bank FinancialMaintained
    SbankOutperformMaintained
    CIBC World MarketsOutperformMaintained
    Dundee SecuritiesMaintained
    PI FinancialBuyMaintained
    Dundee SecuritiesBuyMaintained
    SbankOutperformMaintained
    SbankSector PerformMaintained
    SbankSector PerformMaintained
    National Bank FinancialMaintained
    Dundee SecuritiesBuyMaintained
    Dundee SecuritiesMaintained
    CIBC World MarketsSector PerformMaintained
    CIBC World MarketsMaintained
    M PartnersBuyMaintained
    National Bank FinancialOutperformMaintained
    M PartnersBuyMaintained
    BMO Capital MarketsMaintained
    National Bank FinancialOutperformMaintained
    CIBC World MarketsSector UnderperformMaintained
    BMO Capital MarketsAt Market PerformMaintained
    Desjardins SecuritiesHoldDowngraded
    National Bank FinancialOutperformMaintained
    Dundee SecuritiesMaintained
    BMO Capital MarketsUnderperformDowngraded
    Desjardins SecuritiesBuyMaintained
    National Bank FinancialMaintained
    CIBC World MarketsSector PerformMaintained
    BMO Capital MarketsAt Market PerformMaintained
    BMO Capital MarketsMaintained
    BMO Capital MarketsSector OutperformMaintained
    CIBC World MarketsSector PerformMaintained
    BMO Capital MarketsAt Market PerformMaintained
    CIBC World MarketsSector PerformMaintained
    BMO Capital MarketsAt Market PerformInitiated

    Kirkland Lake Gold Ltd (KL) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.897
    The average consensus EPS for KL is $0.897 with a high estimate of $1.050 and Low of $0.598 for the period 2021-06-30 and based on 11 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.98$1.02885672020-12-31


    The latest average Earning Per Share Estimate for Kirkland Lake Gold Ltd is $0.90, which is lower than KL's last EPS, $0.98. This means that Analysts are expecting Kirkland Lake Gold Ltd to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Kirkland Lake Gold Ltd.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.98$1.02885672020-12-31
    $0.91$0.93732020-09-30
    $0.79$0.73718129999999992020-06-30
    $0.7$0.758082020-03-31
    $0.88$0.89904582019-12-31
    $0.84$0.75192019-09-30
    $0.5$0.52235420000000012019-06-30
    $0.53$0.54461252019-03-31
    $0.52$0.4745212018-12-31
    $0.29$0.288296999999999972018-09-30
    $0.3$0.294582018-06-30
    $0.25$0.2504962018-03-31
    $0.34$0.23866132017-12-31
    $0.14$0.19731712017-09-30
    $0.17$0.19334132017-06-30
    $0.21053$0.18190832016-06-30
    $0.09208$0.14985472016-03-31
    $0.31253$0.106903699999999992012-06-30
    $-0.63096$-0.10892252012-03-31
    $-0.10284$02011-12-31
    $-0.21491$02011-09-30
    $0$-0.05718562011-06-30
    $-0.21364$-0.113578100000000022011-03-31
    $-0.31185$0.16466612010-12-31
    $0$-0.17882862010-06-30
    $-0.10118$-0.108417800000000012010-03-31
    $-1.19733$-0.10562652009-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).