Aug. 31, 2020 7:45 AM ET
| 19 comments | About: Kirkland Lake Gold Ltd. (KL)
Taylor Dart
Long/Short Equity, Momentum, gold & precious metals
Taylor Dart
(18,904 followers)
Summary
Kirkland Lake Gold has continued its outperformance vs. the Gold Miners
Index after several months of underperformance following the Detour
Gold acquisition.
Over the past few weeks, we have seen earnings estimates ratcheted
higher, with FY2021 annual EPS 10% higher than a month ago, and now
sitting at $4.18.
Given these upwards earnings revisions, the stock is actually cheaper
than it was six weeks ago on a valuation basis, despite a 10% increase
in the share price.
Based on the company's aggressive buyback program, industry-leading
margins and relative undervaluation, I continue to see the stock as
a top-10 gold producer.
https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31478604
God Bless
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