Kirkland Lake Gold Ltd. (KL - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.90 to $35.17 in the past one-month time frame.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Kirkland Lake Gold. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Kirkland Lake Gold currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Mining – Gold industry may consider a better-ranked stock like Novagold Resources Inc. (NG - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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