With a one year PEG ratio of 0.16, Kirkland Lake Gold Ltd is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than merely 3.89% of US stocks.
With a year-over-year growth in debt of -60.3%, Kirkland Lake Gold Ltd's debt growth rate surpasses only 4.22% of about US stocks.
Over the past twelve months, KL has reported earnings growth of 336.5%, putting it ahead of 95.6% of US stocks in our set.
If you're looking for stocks that are quantitatively similar to Kirkland Lake Gold Ltd, a group of peers worth examining would be JNPR, IPGP, ALKS, MRCY, and INSM.
KL's SEC filings can be seen here. And to visit Kirkland Lake Gold Ltd's official web site, go to www.klgold.com.
Kirkland Lake Gold Ltd. Common Shares (KL) Company Bio
Kirkland Lake Gold Ltd. engages in the exploration and development of gold properties. The company owns and operates five underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria and the Cosmo Mine in Northern Territory, Australia, as well as four milling facilities in Canada and Australia. The company was founded in 1983 and is based in Toronto, Canada.
KL Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for KL, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Kirkland Lake Gold Ltd ranked in the 74th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Kirkland Lake Gold Ltd, consider:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 100. Notably, its equity weight is greater than 98.91% of US equities in the Basic Materials sector yielding a positive free cash flow.
The business' balance sheet reveals debt to be 0% of the company's capital (with equity being the remaining amount). Approximately merely 2.14% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
KL's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 58.79% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
SID, UFPI, PATK, BCC, and NUE can be thought of as valuation peers to KL, in the sense that they are in the Basic Materials sector and have a similar price forecast based on DCF valuation.
Toronto, Ontario--(Newsfile Corp. - September 16, 2020) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to announce that it has closed its previously announced non-brokered subscription receipt financing to raise gross proceeds of $3,110,000 (the "Non-Brokered Financing"), and a separate concurrent subscription receipt financing with Kirkland Lake Gold Ltd. (TSX: KL) (NYSE: KL) (ASX: KLA) to raise gross proceeds of $1,300,000 (the "KL Financing").John Kearney, Chairman of Conquest stated, "We ...
Company to Focus on Expanding Fenelon Gold System Figure 1 Regional Map of Wallbridge’s Land Package on the Detour-Fenelon Gold TrendTORONTO, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) today announced that it has entered into a non-binding term sheet (the “Term Sheet”) with respect to a joint venture of its Detour East gold property (“Detour East” or the “Property”) with Kirkland Lake Gold Ltd. (TSX:KL) (“Kirkland”). Under terms of this joint venture, Kirkland can earn a 75% interest in Detour East by making expenditures totalling $35 million on the Property, as described below. “This Term Sheet, and ultimate joint venture agreement, is strategic for Wallbridge as it allows the Company to focus on fully-defining the siz...
For investors willing to broaden their investing horizons -- or to increase their existing exposure -- there are several opportunities which are worthy options this month: Barrick Gold (NYSE: GOLD), Kirkland Lake (NYSE: KL), and the VanEck Vectors Gold Miners ETF (NYSEMKT: GDX). While Barrick Gold, the second-largest publicly traded gold mining company by market cap, gained popularity last month when news broke that Berkshire Hathaway had built a position in the company totaling nearly $564 million, it's hardly the only reason why Barrick is a lustrous opportunity right now.