Is Selling Stock Like Kirkland Lake Gold Inc. After Such Decline Winning Strategy?

 Is Selling Stock Like Kirkland Lake Gold Inc. After Such Decline Winning Strategy?

The stock of Kirkland Lake Gold Inc. (TSE:KLG) is a huge mover today! About 213,980 shares traded hands. Kirkland Lake Gold Inc. (TSE:KLG) has declined 5.85% since April 25, 2016 and is downtrending. It has underperformed by 11.11% the S&P500.
The move comes after 5 months negative chart setup for the $940.06 million company. It was reported on Nov, 29 by Barchart.com. We have $7.15 PT which if reached, will make TSE:KLG worth $37.60M less.

More notable recent Kirkland Lake Gold Inc. (TSE:KLG) news were published by: Business.Financialpost.com which released: “Kirkland Lake Gold shareholders approve $1 billion takeover of Newmarket Gold” on November 25, 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: Finance.Yahoo.com and their article: “Kirkland Lake Gold Rejects Offer From Gold Fields, Silver Standard” published on November 14, 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 $940.06 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 16.35 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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