The stock of Kirkland Lake Gold Inc. (TSE:KLG) is a huge mover today! About 469,186 shares traded hands. Kirkland Lake Gold Inc. (TSE:KLG) has declined 12.88% since March 11, 2016 and is downtrending. It has underperformed by 18.36% the S&P500.
The move comes after 7 months negative chart setup for the $927.44 million company. It was reported on Oct, 18 by Barchart.com. We have $7.22 PT which if reached, will make TSE:KLG worth $64.92 million less.
More notable recent Kirkland Lake Gold Inc. (TSE:KLG) news were published by: Theglobeandmail.com which released: “Kirkland Lake Gold to take over Newmarket Gold in $1-billion deal” on September 29, 2016, also Fool.ca with their article: “What Kirkland Lake Gold Inc. Buying Newmarket Gold Inc. Means” published on September 30, 2016, Business.Financialpost.com published: “Intrigue at Kirkland Lake Gold as board and management battle” on June 15, 2016. More interesting news about Kirkland Lake Gold Inc. (TSE:KLG) were released by: Business.Financialpost.com and their article: “U.S. analyst John Tumazos gives a contrarian view on Kirkland Lake Gold” published on June 20, 2016 as well as Marketwired.com‘s news article titled: “Kirkland Lake Gold Confirms Ticker Symbol Change to KLG” with publication date: September 15, 2016.
Kirkland Lake Gold Inc. is an exploration gold mining company. The company has a market cap of $927.44 million. The Company’s properties located in the Kirkland Lake gold camp, including the Macassa Mine Complex, are located near the town of Kirkland Lake, Ontario and consist of approximately five contiguous gold properties known as the Macassa, Lake Shore, Wright-Hargreaves, Teck-Hughes and Kirkland Minerals properties and their respective, formerly producing, underground gold mines. It has a 28.63 P/E ratio. The Company’s mines produces approximately 20 million ounces of gold at an average grade of over 15.1 grams per ton.
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