Kirkland Lake Gold / KL (TSX, NYSE)

    National Bank Financial Equities Analysts Increase Earnings Estimates for Kirkland Lake Gold Ltd (TSE:KL)
    Posted by ABMN Staff on Jul 24th, 2019 // No Comments
    [Blockierte Grafik: https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?w=250&zc=1&src=https://www.marketbeat.com/logos/kirkland-lake-gold-ltd-logo.jpg]
    Kirkland Lake Gold Ltd (TSE:KL) – Analysts at National Bank Financial raised their FY2019 earnings estimates for shares of Kirkland Lake Gold in a research report issued to clients and investors on Monday, July 22nd. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $2.91 per share for the year, up from their previous estimate of $2.73. National Bank Financial currently has a “Sector Perform” rating and a $63.00 target price on the stock.
    Get Kirkland Lake Gold alerts:Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada reissued an “underperform” rating and issued a GBX 215 ($2.81) price target on shares of in a research note on Wednesday, June 26th. BMO Capital Markets reissued an “outperform” rating and issued a C$28.00 price target on shares of Northland Power in a research note on Tuesday, April 9th. Canaccord Genuity reissued a “buy” rating and issued a GBX 285 ($3.72) price target on shares of in a research note on Thursday, June 6th. CIBC reissued a “hold” rating on shares of Sandstorm Gold in a research note on Monday, July 15th. Finally, Eight Capital raised shares of Kirkland Lake Gold from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$51.25 to C$53.00 in a research note on Monday, April 15th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$53.81.
    Shares of TSE:KL opened at C$60.00 on Wednesday. The company’s 50 day moving average price is C$54.78. The stock has a market capitalization of $12.57 billion and a PE ratio of 37.97. Kirkland Lake Gold has a 12 month low of C$22.42 and a 12 month high of C$61.77. The company has a current ratio of 2.08, a quick ratio of 1.86 and a debt-to-equity ratio of 1.61.
    Kirkland Lake Gold (TSE:KL) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.70 EPS for the quarter, beating the consensus estimate of C$0.69 by C$0.01. The firm had revenue of C$405.40 million for the quarter, compared to analysts’ expectations of C$385.90 million.
    The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a $0.04 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.27%. Kirkland Lake Gold’s dividend payout ratio is presently 6.67%.

    https://ceo.ca/@nasdaq/kirklan…solid-second-quarter-2019


    Die Zahlen sind schon da:


    by @nasdaq on 31 Jul 2019, 02:56


    Kirkland Lake Gold Reports Solid Second Quarter 2019 Financial and Operating Results






    TORONTO, July 30, 2019 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced the Company’s financial and operating results for the second quarter (“Q2 2019”) and first half of 2019 (“YTD 2019”). The Q2 2019 results include strong growth in production, net earnings and operating cash flow compared to the second quarter of 2018 (“Q2 2018”), as well as significant improvement in unit costs. The Company’s full consolidated financial statements and management discussion & analysis are available on SEDAR at www.sedar.com and on the Company’s website at www.klgold.com. All dollar amounts are in U.S. dollars, unless otherwise noted.


    Key highlights of Q2 2019 results include:


    • Strong net earnings: Net earnings of $104.2 million ($0.50 per basic share) increased 69% from $61.5 million ($0.29 per basic share) in Q2 2018 and compared to record net earnings of $110.1 million ($0.52 per basic share) the previous quarter; adjusted net earnings in Q2 2019 totaled $105.5 million ($0.50 per basic share), 66% higher than $63.4 million ($0.30 per basic share) in Q2 2018 and versus record adjusted net earnings of $112.1 million ($0.53 per basic share in Q1 2019
    • Revenue grows 31%: Revenue totaled $281.3 million, 31% increase from $214.7 million in Q2 2018 and compared to record revenue of $304.9 million in Q1 2019; Q2 2019 gold sales of 212,091 ounces compared to 164,305 ounces in Q2 2018 and 232,929 ounces the previous quarter
    • Significant growth in EBITDA1,2,3: EBITDA of $185.8 million, 50% higher than $123.7 million in Q2 2018 and compared to record EBITDA of $201.6 million in Q1 2019
    • Operating cash flow increases 52%: Net cash provided by operating activities3 of $178.4 million, 48% growth from $120.9 million in Q2 2018 and 2% higher than $174.4 million in Q1 2019
    • Continued Solid free cash flow1: Free cash flow of $53.0 million compared to $60.7 million in Q2 2018 and record free cash flow of $93.1 million the previous quarter, with the change from both prior periods reflecting increased capital expenditures in support of advancing key growth projects
    • Growth projects ramp up: Growth capital expenditures1 totaled $48.5 million in Q2 2019 (excluding capitalized exploration), including $32.7 million at Macassa and $14.1 million at Fosterville; full-face sinking at Macassa #4 shaft project on track to commence in August 2019
    • Continued focus on exploration: Exploration and evaluation expenditures in Q2 2019 totaled $44.4 million ($6.2 million expensed and $38.2 million capitalized), with $29.4 million relating to the acceleration of advanced exploration work in the Northern Territory.
    • Continued strong operating results

      • Production of 214,593 ounces, 30% increase from 164,685 ounces in Q2 2018 and compared to record quarterly production of 231,879 ounces the previous quarter
      • Production costs of $66.2 million compared to $66.5 million in Q2 2018 and $70 million in Q1 2019
      • Operating cash costs per ounce sold1 averaged $312, 23% improvement from $404 in Q2 2018 and versus $290 the previous quarter
      • AISC per ounce sold1 averaged $638, 16% better than $757 in Q2 2018 and compared to $560 in Q1 2019 (change from previous quarter reflects reduced sales volumes and timing of sustaining capital expenditures).


    • Cash at June 30, 2019 totaled $469.4 million, 13% increase from $416.1 million at March 31, 2019 and 41% increase from $332.2 million at December 31, 2018.


    Key highlights of YTD 2019 results include:


    • Record half-year financial results

      • Net earnings of $214.3 million ($1.02/share), 92% increase from $111.5 million ($0.53/share) for YTD 2018
      • Adjusted net earnings of $217.7 million ($1.04/share), 88% higher than $116.0 million ($0.55/share) for YTD 2018
      • Net cash provided by operating activities of $352.7 million, 68% growth from $210.5 million for YTD 2018
      • Free cash flow totaling $146.1 million, 32% higher than $110.9 million for same period in 2018
      • Revenue of $586.2 million, 42% growth from $412.9 million for YTD 2018
      • EBITDA of $387.4 million, 73% increase from $224.3 million for YTD 2018.


        1. See “Non-IFRS Measures” later in this press release and on pages 27 – 33 of the MD&A for the three and six months ended June 30, 2019.
        2. Refers to Earnings before Interest, Taxes, Depreciation, and Amortization.
        3. Of continuing operations.



    • Strong YTD 2019 operating results

      • Production of 446,472 ounces, 43% increase from 312,329 ounces for YTD 2018
      • Operating cash cost per ounce sold of $301, 29% improvement from $424 for the same period in 2018
      • AISC per ounce sold of $597, 25% better than $793 for YTD 2018.


    • Strong focus on shareholder returns in YTD 2019

      • Common share price increased 58% (on TSX), to C$56.42/share at June 30, 2019 from C$35.60/share at December 31, 2018 (C$60.09/share at July 30, 2019)
      • Quarterly dividend increased to $0.04/share (from C$0.04/share) for second quarter 2019 dividend, paid on July 12, 2019 to shareholders of record on June 28, 2019; change to paying dividend in US dollars increases value of dividend by approximately 30%
      • Repurchased 400,000 common shares in Q2 2019 through Normal Course Issuer Bid for total cost of $12.8 (C$17.1) million.



    Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented: “During Q2 2019, we continued to generate strong growth in production, earnings and cash flows compared to the same period in 2018. Fosterville achieved a record quarter and exceeded target production levels driven by higher than expected grades. Even more encouraging, we are now positioned to significantly grow production at Fosterville during the second half of the year. In Canada, tonnage at Macassa was affected by water in the mine from the spring run-off, and we had lower than planned grades at the Holt Complex. We have already seen higher production levels at Macassa in July, with the mine remaining on track to achieve its full-year guidance of over 240,000 ounces. At the Holt Complex, we are ramping up production at Holloway, and continue to target approximately 20,000 ounces for the year. We are also expecting higher levels of mill throughput at the Holt mine and expect to achieve increased production from the mine in the final two quarters of 2019. Based on our results to date, and expectations for the remainder of the year, we remain well positioned to achieve our full-year 2019 consolidated operating guidance, which includes production of 950,000 – 1,000,000 ounces with operating cash costs per ounce sold averaging $285 – $305 and AISC per ounce sold averaging $520 – $560.”


    “Turning to our growth programs, we will be commencing full-face sinking at the Macassa #4 shaft project during August, which will mark a major milestone for the project. The project remains on track for phase one completion by the second quarter of 2022. At Fosterville, we continued to advance our key growth projects, including construction of a new ventilation system, paste-fill plant and new water treatment plant. The water treatment plant is expected to be in operation during the third quarter, with the ventilation and paste-fill projects also targeted for completion during the second half of the year. In the Northern Territory, we have accelerated advanced exploration work and are progressing with underground development aimed at supporting a potential resumption of operations.”

    zweiter Teil des Berichts:



    Review of Financial and Operating Performance
    Table 1. Financial Highlights

    (in thousands of dollars, except per share amounts)
    Revenue
    Production costs66,16166,494136,201137,977
    Earnings before income taxes152,43290,109312,021161,997
    Net earnings
    Basic earnings per share
    Diluted earnings per share
    Cash flow from operating activities
    Cash investment on mine development and PPE



    Table 2. Operating Highlights

    Tonnes milled
    Grade (g/t Au)
    Recovery (%)98.1%96.4%98.0%96.3%
    Gold produced (oz)
    Gold Sold (oz)
    Average realized price ($/oz sold)(1)
    Operating cash costs per ounce ($/oz sold)(1)
    AISC ($/oz sold)(1)
    Adjusted net earnings(1)
    Adjusted net earnings per share(1)


    1. Non-IFRS - the definition and reconciliation of these Non-IFRS measures are included on pages 27 – 33 of the MD&A for the three and six months ended June 30, 2019

    Den rest bitte bei angegebener Quelle lesen.



    Alles gut und jetzt noch ein positiver Ausblick dann geht es weiter.

    Ja @Planter , es gibt einen Grund , die Qu.-Zahlen , die waren nicht besser als die Rekord-Qu.-Zahlen aus Qu.-1
    und darauf wartet man ja regelrecht ! Der Grund ist noch derselbe (Schmelzwasser).
    Habe etwas ausgedünnt zum H (siehe mein Vergleichschart) und nun wieder eingesackt . Den Überschuß habe ich
    heute in meine Favoriten gepackt , die mir sehr entgegen kamen (Sommerschlußverkauf z.B. bei AG) ^^ .
    Hatte alles verkauft bis auf die gestutzte Core-Posit. in KL .
    Nun warte ich auf den Dreh und werde dann den Cash-Rest hinterherschmeißen .
    Halte jetzt schon ca. 20% mehr Anteile derselben Minenaktien , wie vor kurzem.
    Ich hoffe nur , es war nicht all zu früh.
    Der POG-Rückgang paßt auch gut zum Monatsausklang , habe nichts anderes erwartet - nun nachdem der FED-Entscheid genug für die POG/POS-Entwicklung herhalten durfte , kann es bald gemäß der Zyklik weitergehen.


    :) Caldera

    Gold’s value is not determined by world events, political turmoil, or industrial demand. The only thing that you need to know in order to understand and appreciate gold for what it is, is to know and understand what is happening to the US dollar.
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    Hab ich doch vor kurzem den stoploss nachgezogen....jetzt hats mir die mit diesem spike nach unten rausgehauen... :wall:



    Genau so mit FVI,BVN, und osisko....


    Jedesmal wenn ich was absichere, hauts mir die mit einem spike nach unten aus dem depot und danach ist der kurs ist dann sofort wieder stabilisiert und vorallem *höher* ;(

    • Offizieller Beitrag

    besser "mentale" stop-lösser zu haben...vor allem in rindviechischen Zeiten wie aktuell!


    You live and learn...


    Gruss,
    Lucky

    Zitat von brunix

    Naja wurde zuletzt von den uranern heftig getroffen. Das musste nicht sein.
    Aber offenbar hast du recht. Es kommt mir vor als wüsste jemand wo meine stops liegen... :boese:

    Mit Stop Loss Orders macht man sich für Algorithmen angreifbar. Die Informationen laufen ja in der Börse zusammen. Theoretisch weiß niemand davon, praktisch gehe ich davon aus, dass bestimmte Kreise diese Informationen nutzen.


    Ich arbeite grundsätzlich nicht mit Stop Loss Orders. Ich schaue mehrmals täglich in mein Depot, das reicht mir.
    So habe ich vielleicht nicht die schnelle Reaktionszeit wie mit einer automatischen Orderausführung, aber ich kann zumindest für jede Situation individuell entscheiden.

    • Offizieller Beitrag

    Eine Situation, wo ich u.U. einen SL in Betracht ziehen könnte:


    Ich möchte eigentlich verkaufen, weil ein Titel die erhoffte Performance gebracht hat, die spezifische (z.B. EM-Aktien) Börsenwetterlage erscheint wechselhaft und ich gehe drei Wochen trecken in die Wildnis (o.ä.).


    Aber auch in einer solchen Situation würde ich vor Abreise den/die Kerzenchart(s) anschauen und wahrscheinlich am ehesten händisch verkaufen. Auch keine on-stop order, denn sollte der in Frage stehende Titel davonrennen, so wäre er auch Weg und der Broker hat "sinnlos" verdient....ok, die armen Würstchen müssen sich auch mal einen Döner gönnen können [smilie_happy] ...


    Gruß,
    Lucky

    Naja wenn ich sage es kommt mir vor als wüsste jemand von meinen limits...ist mir klar dass das nicht stimmen kann. Ich würde dies einfsch meinem sprichwörtlichen glück und dem entsprechenden zufall zuschreiben... Aber es ist jetzt schon mindestens 10x passiert.... Und alleine gestern waren es gleich 5. Und ausser KL standen danach alle wieder höher.... :boese:

    ... ich habe auch nie Glück mit SL, deswegen setze ich keine mehr... ich denke schon, dass die gesehen werden. Die werden kassiert und schon geht's wieder rauf....

    Zitat von brunix

    Naja wenn ich sage es kommt mir vor als wüsste jemand von meinen limits...ist mir klar dass das nicht stimmen kann. [..]

    In gewisser Weise stimmt das schon. Du schaust auf die gleichen Charts und kommst zu den gleichen Marken wie die anderen Anleger. Dadurch können interessierte Kreise schon erraten wo Deine Limits (und die der Anderen) liegen. Der Tip mit den mentalen Stops wurde ja schon gegeben...

    Wundere mich nur dass gestern ausser bei KL alle stopps mehr oder weniger auf den cent genau abgeholt wurden... Und dann gings wieder hoch...


    Werde mir wohl auch mentale stops zulegen müssen.


    Hatte aus der vergangenheit ohne stopps eben auch schlechte erfahrungen. Die uraner stehen jetzt auch alle etwa 40% im wasser.... Das wollte ich jetzt ein für allemal beenden.... ;(

    @brunix,


    Ich mache es zum Beispiel so,
    Wenn ich der Meinung bin ein SL zu setzen und der Chart gibt mir ca. 2 Euro vor,
    setze ich mein SL bei ca. 5-10 Prozent darunter.
    So fahre ich ganz gut.
    Ich habe am Anfang auch die gleichen Probleme wie du gehabt.


    Muß aber jeder für sich selbst entscheiden,
    ich für meinen Teil fahre mit der Strategie ganz gut und passt zu mir.
    Ich habe früher ohne SL gearbeitet, was sich zum Nachteil erwies.


    SL ja oder nein, diese Diskussionen wird es immer geben.


    SL ist für mich unverzichtbar, ausgenommen sind Freiläufer
    und bei Explorern bin ich großzügiger..........

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