Kirkland
Lake Gold Ltd.
KL
was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $40.82 to $42.37 in the past one month time frame.
The company has seen no estimates revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Kirkland currently has a Zacks Rank #3 (Hold) while its
Earnings ESP
is 0.00%.
A better-ranked stock in the Basic Materials sector is
Rayonier Advanced Materials Inc.
RYAM
, which currently 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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