Kirkland Lake Gold Ltd. (KL)

Kirkland Lake Gold Ltd. (KL $38.92)
- $38.92 Fwd P/E: 15.41X Cap: $10.26B
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Calibre Mining Corp. (CXB $2.99)
- $2.99 Fwd P/E: 31.36X Cap: $2.54B
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Agnico Eagle Mines Limited (AEM $123.10)
- $123.10 Fwd P/E: 25.1X Cap: $59.18B
- View AEM Profile
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Kirkland Lake Gold Ltd. (KL $38.92)
- $38.92 Fwd P/E: 15.41X Cap: $10.26B
- View KL Profile
- View Questions on KL

Q: I owned CXB and it more than doubled. Then I wanted something a little more established so I put the money into KL. It started off well but then I ended up down 20%. When it merged with AEM, I sold KL for the tax loss and bought AEM thinking the combined company looked like a really good gold company. Now I am down 4% on AEM. This now amounts to less than 1% of my overall portfolio. Gold is supposed to be a stabilizer in a portfolio but I have lost faith in it. I certainly don't want to buy more. Do you think someone should have a little gold in their portfolio?

Read Answer Asked by Ken on January 06, 2022

Agnico Eagle Mines Limited (AEM $123.10)
- $123.10 Fwd P/E: 25.1X Cap: $59.18B
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Kirkland Lake Gold Ltd. (KL $38.92)
- $38.92 Fwd P/E: 15.41X Cap: $10.26B
- View KL Profile
- View Questions on KL

Q: Hello 5i,
Further to your answer to Sylvain, I was wondering if you could now compare AEM to KL. While you slotted AEM ahead of Barrick, you did not compare it to KL and I am curious as to how you feel they compare.
Many thanks!!
Cheers,
Mike

Read Answer Asked by Mike on April 09, 2021

CCL Industries Inc. Unlimited Class B Non-Voting Shares (CCL.B $79.68)
- $79.68 Fwd P/E: 16.56X Cap: $14.13B
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- View Reports on CCL.B
Lundin Mining Corporation (LUN $13.78)
- $13.78 Cap: $11.89B
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iShares S&P/TSX Global Gold Index ETF (XGD $31.92)
- $31.92 Fwd P/E: 100.95X Cap: $2.01B
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Ivanhoe Mines Ltd. (IVN $11.30)
- $11.30 Fwd P/E: 25.39X Cap: $15.03B
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Neo Performance Materials Inc. (NEO $16.58)
- $16.58 Cap: $691M
- View NEO Profile
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Ero Copper Corp. (ERO $14.47)
- $14.47 Fwd P/E: 89.07X Cap: $1.47B
- View ERO Profile
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Kirkland Lake Gold Ltd. (KL $38.92)
- $38.92 Fwd P/E: 15.41X Cap: $10.26B
- View KL Profile
- View Questions on KL
Reliance Inc. (RS $341.59)
- $341.59 Fwd P/E: 23.9X Cap: $17.68B
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Nutrien Ltd. (NTR $59.51)
- $59.51 Fwd P/E: 56.18X Cap: $29.25B
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Q: My Materials sector needs to be increased to about 10% of portfolio - currently I have only 1.3% - all held in KL (underwater 15%).
I note you have ccl.b in the Balanced Portfolio but it does not seem to be in your recent recommendations for Materials ? ?
At the moment my shopping list looks like this:
LUN, IVN, ERO, NEO, NTR, RS, FCX, XGD ( Sell KL ??) , CCL.b ??
Would appreciate your assessment and comments and suggestions for alternatives. Dividend not necessary.
Use whatever number of question credits req'd. Thanks as always.

Read Answer Asked by Alexandra on January 19, 2021