HaleyZhao

Kirkland Lake Gold KL: Buy at $57.79 Profit Target at $69.47

NYSE:KL   None
What can you do when the market is potentially turning bearish? A lookout for commodities that mines Gold/Silver/Gems might be a great hedge. KL is one of these hedges that could be done with a specialty in gold mining in Canada and Australia. The earnings and sales are amazing with both over the minimum 25% growth quarter over quarter. Fidelity Contrafund owns this stock, which gives even more reason to buy if it hits a breakout point. There is also a potential buy $55 but that is risky because the stock might go into weeks of base building. When buying a stock it is always nicer to have something that is easy to hold...something that meets your expectation that is going up and up without the need to watch the 5 minute hourly or even the daily chart. The moving averages are great with both of them trending upwards. Sales and EPS are below

Sales:
Dec-19: +47%
Mar-20: +82%
Jun-20: +107%

Yearly EPS:
2017: .75
2018: 1.34
2019: 2.72
2020: 3.35
2021: 4.12

A potential position to watch for your portfolio.

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All ideas are for information purposes only. I may or may not invest in the stocks discussed.
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