Kirkland Lake Gold Ltd. Declares Quarterly Dividend of $0.02 (KL)

Kirkland Lake Gold Ltd. (NYSE:KL) announced a quarterly dividend on Thursday, November 2nd, NASDAQ reports. Investors of record on Friday, December 29th will be given a dividend of 0.016 per share on Monday, January 15th. This represents a $0.06 annualized dividend and a yield of 0.43%. The ex-dividend date is Thursday, December 28th.

Kirkland Lake Gold (NYSE KL) traded up $0.06 on Friday, hitting $14.73. 381,249 shares of the stock traded hands, compared to its average volume of 556,727. The company has a market cap of $3,040.00 and a P/E ratio of 32.73. Kirkland Lake Gold has a one year low of $4.75 and a one year high of $15.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.59 and a quick ratio of 1.32.

Several equities research analysts have recently weighed in on KL shares. Zacks Investment Research raised shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, September 20th. Scotiabank raised shares of Kirkland Lake Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, November 2nd. Desjardins raised shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating in a report on Monday, November 27th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Kirkland Lake Gold in a report on Thursday, September 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Kirkland Lake Gold in a report on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Kirkland Lake Gold presently has an average rating of “Buy” and an average target price of $16.00.

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About Kirkland Lake Gold

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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