Kirkland Lake Gold is a gold mining, development and exploration company with a diversified portfolio of assets located in the stable mining jurisdictions of Canada and Australia with a significant pipeline of exploration projects. The production profile of Co. was anchored by two operations including the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Co. owns the Holt mine and the Taylor mine which are situated along the Porcupine-Destor Fault Zone, in northeastern Ontario, and the Cosmo gold mine located in the Northern Territory, Australia. We show 1 historical shares outstanding datapoints in our KL shares outstanding history coverage, used to compute KL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KL market cap history over the course of time is important for investors
interested in comparing KL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of KL versus a peer is one thing; comparing
KL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like KL can fluctuate over the course of history.
With this page we aim to empower investors researching KL by allowing them to research the KL market cap history. |
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Video: The Importance of Market Cap
