Top-Ranked Gold Stock With 327% Gain Tops Earnings Views [Investor's Business Daily]
Kirkland Lake Gold Ltd. Common Shares (KL)
Last kirkland lake gold ltd. common shares earnings: 2/20 02:09 am
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Source: Investors Business Daily
Related news IBD 50 leader Kirkland Lake Gold ( KL ) reported better-than-expected earnings late Tuesday as the top-ranked gold stock hovers near all-time highs. Estimates: Wall Street expected Kirkland Lake earnings per share to jump 63% to 49 cents, according to Zacks Investment Research. Revenue was seen leaping 27% to $274 million. Results : Kirkland Lake earnings rose 67% to 50 cents a share. Revenue grew 31% to $281.3 million, ending a three-quarter string of accelerating top-line growth. A conference call for Kirkland Lake earnings is scheduled for 10 a.m. ET on Wednesday. Kirkland Lake earnings report came well after extended trading closed. Shares fell 0.6% to 45.67 in Tuesday's stock market trading . Since debuting on the New York Stock Exchange on Aug. 17 2017, the price of the gold stock has jumped 327% from its opening price of 10.67. Kirkland Lake stock has yet to form an actionable base since breaking out from a 13-week consolidation, MarketSmith analysis shows
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