The stock of Kirkland Lake Gold Inc. (TSE:KLG) is a huge mover today! About 673,208 shares traded hands. Kirkland Lake Gold Inc. (TSE:KLG) has declined 3.18% since March 24, 2016 and is downtrending. It has underperformed by 6.66% the S&P500.
The move comes after 8 months positive chart setup for the $1.05 billion company. It was reported on Oct, 31 by Barchart.com. We have $14.42 PT which if reached, will make TSE:KLG worth $651.00 million more.
More notable recent Kirkland Lake Gold Inc. (TSE:KLG) news were published by: Juniorminingnetwork.com which released: “Kirkland Lake Gold and Newmarket Announce Filing of Joint Management …” on October 31, 2016, also Seekingalpha.com with their article: “Kirkland Lake Gold: Delusion Of Grandeur” published on October 27, 2016, Fool.ca published: “What Kirkland Lake Gold Inc. Buying Newmarket Gold Inc. Means” on September 30, 2016. More interesting news about Kirkland Lake Gold Inc. (TSE:KLG) were released by: Marketwatch.com and their article: “Kirkland Lake Gold Inc.” published on April 18, 2011 as well as Business.Financialpost.com‘s news article titled: “Kirkland Lake Gold to take over Newmarket Gold in all-stock deal worth $1 billion” with publication date: September 29, 2016.
Kirkland Lake Gold Inc. is an exploration gold mining company. The company has a market cap of $1.05 billion. 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 32.83 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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