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.
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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