The stock of Kirkland Lake Gold Inc. (TSE:KLG) is a huge mover today! About 268,409 shares traded hands. Kirkland Lake Gold Inc. (TSE:KLG) has declined 12.96% since March 14, 2016 and is downtrending. It has underperformed by 18.50% the S&P500.
The move comes after 5 months positive chart setup for the $928.38M company. It was reported on Oct, 19 by Barchart.com. We have $10.27 PT which if reached, will make TSE:KLG worth $278.51M more.
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, Marketwatch.com published: “Kirkland Lake Gold Inc.” on April 18, 2011. More interesting news about Kirkland Lake Gold Inc. (TSE:KLG) were released by: Business.Financialpost.com and their article: “Intrigue at Kirkland Lake Gold as board and management battle” published on June 15, 2016 as well as Business.Financialpost.com‘s news article titled: “U.S. analyst John Tumazos gives a contrarian view on Kirkland Lake Gold” with publication date: June 20, 2016.
Kirkland Lake Gold Inc. is an exploration gold mining company. The company has a market cap of $928.38 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 29.14 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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