With a one year PEG ratio of 0.29, 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 5.45% of US stocks.
With a year-over-year growth in debt of -60.3%, Kirkland Lake Gold Ltd's debt growth rate surpasses only 4.15% of about US stocks.
Over the past twelve months, KL has reported earnings growth of 336.5%, putting it ahead of 95.83% of US stocks in our set.
Stocks that are quantitatively similar to KL, based on their financial statements, market capitalization, and price volatility, are JNPR, IPGP, CIEN, INSM, and TRMB.
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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Kirkland Lake Gold Ltd. To summarize, we found that Kirkland Lake Gold Ltd ranked in the 81th 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 98.38% of US equities in the Basic Materials sector yielding a positive free cash flow.
The business' balance sheet suggests that 0% of the company's capital is sourced from debt; this is greater than just 2.64% of the free cash flow producing stocks we're observing.
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 64.24% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Kirkland Lake Gold Ltd? See APOG, STLD, WLKP, NUE, and CF.
Canada's permier gold mining stock Kirkland Lake Gold Ltd. (TSX:KL)(NYSE:KL) has dipped, making now the time to buy and profit from firmer precious metal prices. The post 1 Top Canadian Gold Stock to Buy in 2020 appeared first on The Motley Fool Canada .
Kirkland Lake Gold Ltd (TSX:KL)(NYSE:KL) is the perfect gold stock for investors that want to remain invested without taking excess risk. The post This Gold Stock Is Perfect for Nervous Investors appeared first on The Motley Fool Canada .
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