Dive deeper: Detailed guide on how to buy stocks in Canada
Kirkland Lake Gold is a gold business based in Canada. Kirkland Lake Gold stocks (KL) are listed on the Toronto Stock Exchange, and all prices are listed in Canadian Dollars.
Keep reading to see up-to-date Kirkland Lake Gold stock price and performance data, along with a step-by-step guide for how to buy Kirkland Lake Gold stock in Canada.
Kirkland Lake Gold (KL) stock summary
| Company stock name | Kirkland Lake Gold Ltd |
| Stock ticker symbol | KL |
| Exchange | Toronto Stock Exchange |
| Where to buy Kirkland Lake Gold stock | Buy on CIBC Investor's Edge |
Can I buy Kirkland Lake Gold stock in Canada?
Yes, you can buy Kirkland Lake Gold stock in Canada. You simply need to open a brokerage account with an online trading platform that supports stocks on the Toronto Stock Exchange (TSX) exchange. Platforms like Interactive Brokers will allow you to directly buy Kirkland Lake Gold stock from within Canada.How to buy Kirkland Lake Gold stock
Follow these step-by-step instructions to purchase Kirkland Lake Gold (KL) stock in Canada:
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Choose a stock trading platform.
Compare trading platforms. Choose a trading app with competitive pricing, access to trading tools and a user-friendly interface. (Check out our guide to the best trading apps in Canada.) -
Open a trading account.
To open a trading account, you'll need to provide personal information (like your email, phone number and banking details), verify your identity and complete the sign-up process. -
Fund your account.
Deposit funds into your trading account by linking your bank account via an Electronic Funds Transfer (EFT), wire transfer, cheque deposit or by whatever means the platform supports. Make sure you deposit enough to cover the stock price + any trading fees. -
Search for the stock—KL.
Look up the stock using its name (Kirkland Lake Gold Ltd) or ticker symbol (KL). Review its current price, recent performance and other relevant data before placing your order. -
Complete your purchase of Kirkland Lake Gold stock.
Choose the number of KL stocks you want to purchase, place your order, confirm the details and then submit. Once executed, the shares will appear in your trading account.
Our top picks for where to buy Kirkland Lake Gold stock
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Kirkland Lake Gold stock chart (Toronto Stock Exchange (TSX): KL)
This chart tracks Kirkland Lake Gold stock price performance over time.Kirkland Lake Gold stock price
We'll update this guide as more Kirkland Lake Gold stock information becomes available.
Is Kirkland Lake Gold stock a buy or sell right now?
The technical analysis gauge above shows real-time buy or sell ratings and analysis for Kirkland Lake Gold stock based on your selected timeframe. It uses three widely followed indicators—moving averages, oscillators and pivots—but this does not represent investment advice or a guarantee of success. Finder may not concur with these signals and accepts no responsibility for the performance of your stocks.
Can I buy Kirkland Lake Gold stock on the TSX?
No, you cannot buy Kirkland Lake Gold stock on the TSX because Kirkland Lake Gold stock is not listed on the TSX. Instead, Kirkland Lake Gold stock is listed on the Toronto Stock Exchange under the symbol "KL."
That said, if you're wondering how to invest in Kirkland Lake Gold stock in Canada, you still have the option to do so by opening a trading account with a Canadian brokerage that gives you access to Toronto Stock Exchange, like Interactive Brokers.
Kirkland Lake Gold stock dividends
Kirkland Lake Gold dividend payout ratio: 38.59% of net profits
Recently Kirkland Lake Gold has paid out, on average, around 38.59% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.93% of the current stock value.
This means that, over a year, based on recent payouts (which are sadly no guarantee of future payouts), Kirkland Lake Gold shareholders could enjoy a 1.93% return on their shares in the form of dividend payments. In Kirkland Lake Gold's case, that would currently equate to about C$0.75 per share.
While Kirkland Lake Gold's payout ratio might seem fairly standard, it's worth remembering that Kirkland Lake Gold may be investing much of the rest of its net profits in future growth.
Kirkland Lake Gold's most recent dividend payout was on January 14, 2022. The latest dividend was paid out to all shareholders who bought their stocks by December 30, 2021 (the "ex-dividend date").
Kirkland Lake Gold stock performance metrics
Here are some common key metrics for Kirkland Lake Gold stock that analysts often use to help gauge a stock's value—P/E ratio, PEG ratio and EBITDA.
Has Kirkland Lake Gold stock ever split?
Kirkland Lake Gold's stocks were split on a 1415:2979 basis on December 5, 2016. So, if you had owned 2979 shares the day before before the split, the next day you'd have owned 1415 shares. This wouldn't directly have changed the overall worth of your Kirkland Lake Gold stocks, just the quantity.
However, indirectly, the new 110.5% higher stock price could have impacted the market appetite for Kirkland Lake Gold stocks, which in turn could have impacted Kirkland Lake Gold's stock price.How volatile is Kirkland Lake Gold stock?
Over the last 12 months, Kirkland Lake Gold's stocks price has ranged from C$0.00 to as high as C$0.00. Kirkland Lake Gold's beta measurement of stock volatility is 0.53. For comparison, the market (Toronto Stock Exchange) average beta is 1. This would suggest that Kirkland Lake Gold's stocks are less volatile than average (on this exchange).
Some analysists use "beta" to gauge a stock's volatility. Beta is a popular way to measure a stocks volatility in relation to the market. Here is a breakdown of Kirkland Lake Gold's beta stock volatility rating.
Kirkland Lake Gold company and revenue performance
| Market Capitalization | C$13.1 billion |
|---|---|
| Gross profit (TTM) | C$1.8 billion |
| Operating margin (TTM) | 51.07% |
| Profit margin | 34.70% |
| Revenue (TTM) | C$2.6 billion |
| Return on assets (TTM) | 11.66% |
| Return on equity (TTM) | 17.37% |
| Earnings per share (TTM) | C$4.23 |
| 50-day moving stock price average | C$50.45 |
| 200-day moving stock price average | C$51.47 |
Kirkland Lake Gold company profile
Kirkland Lake Gold Ltd. engages in the acquisition, production, and operation of gold properties. The company holds interest in the Fosterville Mine located in the State of Victoria, Australia; and the Macassa Mine situated in the Municipality of Kirkland Lake, Ontario, Canada, as well as the Detour Lake Mine located in northeastern Ontario, Canada.
It has a strategic alliance agreement with Newmont Corporation. The company was formerly known as Newmarket Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016.
Kirkland Lake Gold Ltd. is headquartered in Toronto, Canada. As of February 8, 2022, Kirkland Lake Gold Ltd. operates as a subsidiary of Agnico Eagle Mines Limited.
Compare trading platforms to buy Kirkland Lake Gold stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
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Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Do I have to pay tax on gains from Kirkland Lake Gold stock sales in Canada?
Yes, you'll need to pay taxes in Canada on investment income, which includes any profit from selling Kirkland Lake Gold stock. The CRA taxes investment income from stocks in Canada based on three main factors:
- Investment income. Investment income includes money earned from interest, dividends or capital gains, which may affect how much you have to pay in taxes on stock sales in Canada.
- Investor type. Your investment income will be taxed differently depending on whether you're a regular investor or a day trader (which means you buy and trade stocks on a daily basis as your primary form of income).
- Tax bracket. The higher your tax bracket, the more you'll pay on income from stock sales. Your tax bracket depends on your gross income (minus deductions).
You can learn more about the tax implications of selling stocks in Canada here.
Frequently asked questions about Kirkland Lake Gold stock
Sources
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
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