Long Position on KL @ $24.75 on 12/24/2018 (Fundamentals)

Kirkland Lake Gold Ltd. (KIRK) engages in the exploration and development of gold properties.

The company owns and operates four underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria, Australia, as well as three milling facilities in Canada and Australia.

The company was formerly known as Newmarket Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016.

Shares have formed a bullish "cup and handle" as gold prices have moved higher. Higher share prices are expected for this stock.

Entry Point: $24.75

Stop Loss: $23.50

Trading Range: $13.09 - $25.67

Target Price: $27.23

Updates

1/22/2019 2:19:35 PM

KL closed at $27.45

Position closed on 1/22/2019 at price of $27.45 with a 10.91% gain in 29 days.

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