The stock of Kirkland Lake Gold Inc. (TSE:KLG) is a huge mover today! About 274,741 shares traded hands. Kirkland Lake Gold Inc. (TSE:KLG) has declined 3.96% since April 11, 2016 and is downtrending. It has underperformed by 7.89% the S&P500.
The move comes after 6 months negative chart setup for the $1.02 billion company. It was reported on Nov, 15 by Barchart.com. We have $7.50 PT which if reached, will make TSE:KLG worth $91.80M less.
More notable recent Kirkland Lake Gold Inc. (TSE:KLG) news were published by: Gurufocus.com which released: “Kirkland Lake Gold Rejects Offer From Gold Fields, Silver Standard” on November 14, 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: “Kirkland Lake Gold to take over Newmarket Gold in all-stock deal worth $1 billion” on September 29, 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 Seekingalpha.com‘s news article titled: “Kirkland Lake Gold: Delusion Of Grandeur” with publication date: October 27, 2016.
Kirkland Lake Gold Inc. is an exploration gold mining company. The company has a market cap of $1.02 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 18.09 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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