Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties.
Flawless balance sheet with solid track record.
Share Price & News
How has Kirkland Lake Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KL's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: KL matched the Canadian Metals and Mining industry which returned 5.2% over the past year.
Return vs Market: KL matched the Canadian Market which returned 4.7% over the past year.
Price Volatility Vs. Market
How volatile is Kirkland Lake Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Kind Of Shareholder Owns Most Kirkland Lake Gold Ltd. (TSE:KL) Stock?
3 weeks ago | Simply Wall StWhat Can We Make Of Kirkland Lake Gold Ltd.’s (TSE:KL) High Return On Capital?
1 month ago | Simply Wall StWhy Kirkland Lake Gold Ltd.'s (TSE:KL) High P/E Ratio Isn't Necessarily A Bad Thing
Is Kirkland Lake Gold undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KL (CA$48.18) is trading below our estimate of fair value (CA$54.6)
Significantly Below Fair Value: KL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KL is good value based on its PE Ratio (13.7x) compared to the Metals and Mining industry average (17.4x).
PE vs Market: KL is good value based on its PE Ratio (13.7x) compared to the Canadian market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: KL is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: KL is overvalued based on its PB Ratio (4.8x) compared to the CA Metals and Mining industry average (1.6x).
How is Kirkland Lake Gold forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KL's forecast earnings growth (3.3% per year) is above the savings rate (1.4%).
Earnings vs Market: KL's earnings (3.3% per year) are forecast to grow slower than the Canadian market (10.9% per year).
High Growth Earnings: KL's earnings are forecast to grow, but not significantly.
Revenue vs Market: KL's revenue (12.8% per year) is forecast to grow faster than the Canadian market (4.7% per year).
High Growth Revenue: KL's revenue (12.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KL's Return on Equity is forecast to be low in 3 years time (17.4%).
How has Kirkland Lake Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KL has a high level of non-cash earnings.
Growing Profit Margin: KL's current net profit margins (40.6%) are higher than last year (29.9%).
Past Earnings Growth Analysis
Earnings Trend: KL's earnings have grown significantly by 56.1% per year over the past 5 years.
Accelerating Growth: KL's earnings growth over the past year (104.5%) exceeds its 5-year average (56.1% per year).
Earnings vs Industry: KL earnings growth over the past year (104.5%) exceeded the Metals and Mining industry 11.9%.
Return on Equity
High ROE: KL's Return on Equity (34.8%) is considered high.
Return on Assets
Return on Capital Employed
How is Kirkland Lake Gold's financial position?
Financial Position Analysis
Short Term Liabilities: KL's short term assets ($691.4M) exceed its short term liabilities ($332.7M).
Long Term Liabilities: KL's short term assets ($691.4M) exceed its long term liabilities ($298.4M).
Debt to Equity History and Analysis
Debt Level: KL is debt free.
Reducing Debt: KL has no debt compared to 5 years ago when its debt to equity ratio was 41.7%.
Debt Coverage: KL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: KL has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: KL has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if KL's debt is covered by short term assets.
What is Kirkland Lake Gold's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Kirkland Lake Gold before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: KL's dividend (1.37%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.01%).
High Dividend: KL's dividend (1.37%) is low compared to the top 25% of dividend payers in the Canadian market (5.38%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, KL has been paying a dividend for less than 10 years.
Growing Dividend: KL's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (6.4%), KL's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KL's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tony Makuch (61yo)
Mr. Anthony Paul Makuch, also known as Tony, B.Sc., M.Sc., M.B.A., P.Eng., has been the Chief Executive Officer, President and Director of Kirkland Lake Gold Ltd. (formerly, Kirkland Lake Gold Inc.) since ...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD3.29M) is below average for companies of similar size in the Canadian market ($USD6.87M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||1.3yrs||US$962.31k||no data|
|Vice President of Australian Operations||2.7yrs||US$1.09m||no data|
|Vice President of Technical Services||1.1yrs||no data||no data|
|Vice President of Investor Relations||3.3yrs||no data||no data|
|VP of Legal & Corporate Secretary||3.3yrs||US$395.97k||no data|
|Vice President of Corporate Development||2.8yrs||no data||0.00017% $23.5k|
|Vice President of Human Resources||1.1yrs||no data||no data|
|Executive Vice President of Corporate Affairs & Corporate Social Responsibility||3.3yrs||no data||no data|
|Senior Vice President of Exploration||1.3yrs||no data||no data|
Experienced Management: KL's management team is considered experienced (2.7 years average tenure).
|Independent Director||0.4yrs||no data||no data|
|Independent Director||3.3yrs||US$221.50k||0.0056% $770.6k|
|Independent Director||3.3yrs||US$207.50k||0.0020% $272.1k|
|Independent Chairman||0.8yrs||US$215.50k||0.0069% $952.9k|
|Independent Director||3.3yrs||US$213.00k||no data|
Experienced Board: KL's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kirkland Lake Gold Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Kirkland Lake Gold Ltd.
- Ticker: KL
- Exchange: TSX
- Founded: 1983
- Industry: Gold
- Sector: Materials
- Market Cap: CA$13.810b
- Shares outstanding: 286.64m
- Website: https://www.klgold.com
Number of Employees
- Kirkland Lake Gold Ltd.
- South Tower
- Suite 3120
- M5J 2J1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KL||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Dec 2016|
|KL||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Dec 2016|
|NGDA||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 2016|
|KL N||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Dec 2016|
|0V38||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Dec 2016|
|KLA||CHIA (Chi-X Australia)||COM||AU||AUD||Nov 2017|
|KLA||ASX (Australian Securities Exchange)||COM||AU||AUD||Nov 2017|
Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia. The company was formerly known as Newmarket Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016. Kirkland Lake Gold Ltd. was incorporated in 1983 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 02:34|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.