For the readers interested in the stock health of Kirkland Lake Gold Ltd. (KL). It is currently valued at $40.78. When the transactions were called off in the previous session, Stock hit the highs of $41.48, after setting-off with the price of $41.19. Company’s stock value dipped to $40.71 during the trading on the day. When the trading was stopped its value was $41.41.Recently in News on November 26, 2021, Kirkland Lake Gold Shareholders Approve Merger of Equals With Agnico Eagle. Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that at a special meeting of shareholders held earlier today (the “Meeting”), the Company’s shareholders voted in favour of the arrangement resolution (the “Kirkland Arrangement Resolution”) approving the proposed merger of equals whereby all of the issued and outstanding shares of the Company (the “Kirkland Shares”) will be acquired by Agnico Eagle Mines Limited (“Agnico Eagle”) for common shares of Agnico Eagle (the “Agnico Shares”) in a merger of equals for consideration per Kirkland Share equal to 0.7935 of an Agnico Share (the “Arrangement”). You can read further details here
Kirkland Lake Gold Ltd. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $42.60 on 01/05/22, with the lowest value was $38.99 for the same time period, recorded on 01/07/22.
Kirkland Lake Gold Ltd. (KL) full year performance was 1.27%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Kirkland Lake Gold Ltd. shares are logging -13.20% during the 52-week period from high price, and 28.56% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $31.72 and $46.98.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 1863367 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Kirkland Lake Gold Ltd. (KL) recorded performance in the market was -2.79%, having the revenues showcasing -12.02% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 13.66B, as it employees total of 2878 workers.
Analysts verdict on Kirkland Lake Gold Ltd. (KL)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 41.77, with a change in the price was noted +1.17. In a similar fashion, Kirkland Lake Gold Ltd. posted a movement of +2.95% for the period of last 100 days, recording 1,586,807 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for KL is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Kirkland Lake Gold Ltd. (KL): Technical Analysis
Raw Stochastic average of Kirkland Lake Gold Ltd. in the period of last 50 days is set at 40.94%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 49.54%. In the last 20 days, the company’s Stochastic %K was 62.90% and its Stochastic %D was recorded 60.77%.
Let’s take a glance in the erstwhile performances of Kirkland Lake Gold Ltd., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -2.79%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -0.05%, alongside a boost of 1.27% for the period of the last 12 months. The shares increased approximately by 3.24% in the 7-day charts and went down by 4.62% in the period of the last 30 days. Common stock shares were lifted by -12.02% during last recorded quarter.