KL : Kirkland Lake Gold Ltd Stock Profile
Qayyum Rajan is a CFA Charterholder who has previously worked at CIBC, RBC Dominion Securities and Sentry Investments before creating his own fintech ventures.He has been a financial advisor, analyst and portfolio manager who is passionate about helping people reach their financial goals.Qayyum is the owner of Wealth Awesome where he writes financial content and creates tools for over 20,000 Canadian investors.
Expertises: finance, investment, stocks
Overview
Kirkland Lake Gold Ltd. engages in the acquisition, production, and operation of gold properties. The company holds interest in the Fosterville Mine located in the State of Victoria, Australia; and the Macassa Mine situated in the Municipality of Kirkland Lake, Ontario, Canada, as well as the Detour Lake Mine located in northeastern Ontario, Canada. It has a strategic alliance agreement with Newmont Corporation. 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. is headquartered in Toronto, Canada. As of February 8, 2022, Kirkland Lake Gold Ltd. operates as a subsidiary of Agnico Eagle Mines Limited.
KL.TO Stock Price and Key Stats
KL Stock Key Stats
Exchange: TSX
Market Cap : $13108.378MM
PE Ratio: 11.76
Price: (Updated: )
Kirkland Lake Gold Ltd (KL) vs Competitors in Gold
Lets see how KL.TO stacks up against others in the Gold asset management industry. We have identified its main peers as:Barrick Gold Corporation, Agnico Eagle Mines Limited, Alamos Gold Inc, Galiano Gold Inc, Alio Gold Inc
.Gold Industry Comparisons
Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
---|---|---|---|---|
Barrick Gold Corporation (ABX) | $48,094.912 | 23.453 | 6.373 | 2.0% |
Agnico Eagle Mines Limited (AEM) | $55,584.383 | 70.662 | 15.006 | 2.0% |
Alamos Gold Inc (AGI) | $11,546.443 | 40.456 | 14.746 | 0.5% |
Galiano Gold Inc (AKG) | $353.306 | N/A | 0.0 | 0.0% |
Alio Gold Inc (ALO) | $168.547 | N/A | 0.0 | 0.0% |
Comparisons within Gold
- Kirkland Lake Gold Ltd (KL) vs Barrick Gold Corporation (ABX)
- KL has higher EPS (4.227 vs 1.17). ABX has higher dividend yield (2.0% vs 1.9%). ABX has a higher P/E ratio (23.453 vs 11.76) indicating it’s more expensive.
- Kirkland Lake Gold Ltd (KL) vs Agnico Eagle Mines Limited (AEM)
- KL has higher EPS (4.227 vs 1.57). AEM has higher dividend yield (2.0% vs 1.9%). AEM has a higher P/E ratio (70.662 vs 11.76) indicating it’s more expensive.
- Kirkland Lake Gold Ltd (KL) vs Alamos Gold Inc (AGI)
- KL has higher EPS (4.227 vs 0.68). KL has higher dividend yield (1.9% vs 0.5%). AGI has a higher P/E ratio (40.456 vs 11.76) indicating it’s more expensive.
- Kirkland Lake Gold Ltd (KL) vs Galiano Gold Inc (AKG)
- KL has higher EPS (4.227 vs -0.003). KL has higher dividend yield (1.9% vs 0.0%). AKG has a P/E under 0, indicating KL (P/E 11.76) is in a better position.
- Kirkland Lake Gold Ltd (KL) vs Alio Gold Inc (ALO)
- KL has higher EPS (4.227 vs -0.274). KL has higher dividend yield (1.9% vs 0.0%). ALO has a P/E under 0, indicating KL (P/E 11.76) is in a better position.
Our Recommendation: Buy
Shows positive EPS growth from this year to next, suggesting improving profitability. Has a lower P/E ratio (11.76) than the industry average (40.28), indicating potential undervaluation. Features a lower EV/EBITDA ratio (7.12) than the industry average (21.18), indicating attractive valuation.
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