Kirkland Lake Gold Financials

Kirkland Lake Stock Summary

Kirkland Lake competes with Arrow Electronics, Digi International, Kite Realty, Usio, and ServiceNow. Kirkland Lake Gold Ltd. engages in the acquisition, production, and operation of gold properties. The company was formerly known as Newmarket Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016. Kirkland Lake operates under Gold classification in the United States and is traded on New York Stock Exchange.

Kirkland Lake Key Financial Ratios

Generally speaking, Kirkland Lake's financial ratios allow both analysts and investors to convert raw data from Kirkland Lake's financial statements into concise, actionable information that can be used to evaluate the performance of Kirkland Lake over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Kirkland Lake Gold reports annually and quarterly.

Kirkland Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Kirkland Lake's current stock value. Our valuation model uses many indicators to compare Kirkland Lake value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Kirkland Lake competition to find correlations between indicators driving Kirkland Lake's intrinsic value. More Info.Kirkland Lake Gold is currently regarded as number one stock in return on equity category among related companies. It is currently regarded as number one stock in return on asset category among related companies reporting about  0.67  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Kirkland Lake Gold is roughly  1.49 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Kirkland Lake by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Kirkland Lake's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Kirkland Lake's earnings, one of the primary drivers of an investment's value.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

If you are still planning to invest in Kirkland Lake Gold check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Kirkland Lake's history and understand the potential risks before investing.