Long Position on KL @ $40.50 on 1/6/2022 (Fundamentals)

Kirkland Lake Gold Ltd. (KL) engages in the acquisition, production, and operation of gold properties.

The company holds interest in the Fosterville Mine located in the State of Victoria, Australia; and the Macassa Mine situated in the Municipality of Kirkland Lake, Ontario, Canada, as well as the Detour Lake Mine located in northeastern Ontario, Canada. It has a strategic alliance agreement with Newmont Corporation.

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. is headquartered in Toronto, Canada.

Please note, this stock reports earnings on Wednesday, February 2.

Kirkland Lake Gold reported 3rd Quarter September 2021 earnings of $0.91 per share on revenue of $667.0 million. The consensus earnings estimate was $0.81 per share on revenue of $619.2 million. Revenue grew 5.4% on a year-over-year basis.

As inflation rises, commodoties such as this stock should rise.

Entry Point: $40.50

Stop Loss: $38.50

Trading Range: $31.72 - $46.98

Target Price: $44.55

Position closed on 2/9/2022 at price of $42.00 with a 3.70% gain in 34 days.

Back to Portfolio