Stock in Focus: Kirkland Lake Gold Ltd. (KL)

Company Profile:

Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates four underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria, Australia, as well as three milling facilities in Canada and Australia. The company was formerly known as Newmarket Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016. Kirkland Lake Gold Ltd. was founded in 1983 and is headquartered in Toronto, Canada.

Recent News:

On Nov.18, 2018, the company announced the appointments of David Soares as Chief Financial Officer and Eric Kallio as Senior Vice President, Exploration. The Company also announced a number of internal management changes.

During Q3 2018, the Company achieved strong growth in revenue, net earnings and cash flow compared to the third quarter of 2017, and made significant progress with its key growth projects.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

KL’s strengths can be seen in its strong growth and robust profitability compared with its peers. Its revenue and net income have increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the RSI is strong in the bullish zone and the MACD is trying to cross back up. We rate Kirkland Lake Gold Ltd. (KL) a STRONG BUY.

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