Kirkland Lake Gold Ltd (NYSE:KL) Shares Bought by TD Asset Management Inc.

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TD Asset Management Inc. boosted its position in shares of Kirkland Lake Gold Ltd (NYSE:KL) by 25.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,197,731 shares of the company’s stock after acquiring an additional 242,166 shares during the period. TD Asset Management Inc.’s holdings in Kirkland Lake Gold were worth $51,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KL. Optimum Investment Advisors purchased a new position in Kirkland Lake Gold in the 2nd quarter valued at about $43,000. Steward Partners Investment Advisory LLC purchased a new position in Kirkland Lake Gold in the 2nd quarter valued at about $90,000. Beutel Goodman & Co Ltd. purchased a new position in Kirkland Lake Gold in the 1st quarter valued at about $117,000. Lenox Wealth Management Inc. purchased a new position in Kirkland Lake Gold in the 2nd quarter valued at about $161,000. Finally, Gulf International Bank UK Ltd purchased a new position in Kirkland Lake Gold in the 2nd quarter valued at about $170,000. Institutional investors own 49.12% of the company’s stock.

NYSE KL traded up $0.23 during mid-day trading on Thursday, hitting $45.63. The company’s stock had a trading volume of 27,003 shares, compared to its average volume of 1,545,018. Kirkland Lake Gold Ltd has a 52-week low of $17.26 and a 52-week high of $49.13. The company has a fifty day moving average price of $44.32. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 33.61 and a beta of -0.03.

A number of research analysts have issued reports on the stock. Roth Capital set a $48.00 target price on shares of Kirkland Lake Gold and gave the company a “buy” rating in a report on Thursday, July 11th. ValuEngine lowered shares of Kirkland Lake Gold from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Desjardins reiterated an “average” rating and set a $54.50 price objective on shares of Kirkland Lake Gold in a report on Wednesday, July 17th. Zacks Investment Research upgraded shares of Kirkland Lake Gold from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, July 24th. Finally, Scotiabank lowered shares of Kirkland Lake Gold from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Kirkland Lake Gold presently has an average rating of “Hold” and a consensus target price of $48.21.

Kirkland Lake Gold Company Profile

Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia.

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Want to see what other hedge funds are holding KL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kirkland Lake Gold Ltd (NYSE:KL).

Institutional Ownership by Quarter for Kirkland Lake Gold (NYSE:KL)

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