Kirkland Lake Gold Ltd. (NYSE:KL) was the target of unusually large options trading activity on Monday. Stock traders bought 1,757 call options on the company. This is an increase of approximately 592% compared to the typical volume of 254 call options.
Shares of Kirkland Lake Gold (NYSE KL) opened at $15.16 on Thursday. The firm has a market cap of $3,060.00 and a P/E ratio of 33.69. The company has a quick ratio of 1.32, a current ratio of 1.59 and a debt-to-equity ratio of 0.02. Kirkland Lake Gold has a 1-year low of $4.89 and a 1-year high of $15.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.016 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.42%. Kirkland Lake Gold’s payout ratio is 6.67%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp bought a new stake in Kirkland Lake Gold during the 3rd quarter valued at $310,368,000. U S Global Investors Inc. bought a new stake in Kirkland Lake Gold during the 3rd quarter valued at $19,512,000. Hillsdale Investment Management Inc. bought a new stake in Kirkland Lake Gold during the 3rd quarter valued at $17,982,000. Ninepoint Partners LP bought a new stake in Kirkland Lake Gold during the 3rd quarter valued at $15,020,000. Finally, American Century Companies Inc. bought a new stake in Kirkland Lake Gold during the 3rd quarter valued at $11,880,000. Hedge funds and other institutional investors own 41.45% of the company’s stock.
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Kirkland Lake Gold Company Profile
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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