KL trailing PE RatioAt just under $ 25 CAD, only 19.46 PE!
Even a lower PE ratio now than B2Gold ($ 2.97 CAD a share) and trailing PE of 22.02. B2Gold also has amazing production results so far this year and same type of low AISC as Kirkland. However, B2 has been plagued by all the political chaos in Nicaragua.
KL is DIRT CHEAP after this sell-off in comparison with zero political risk and cash costs going down and production only to rise the next few years.
And now with gold back over $ 1200 touching $ 1210 today and some renewed USD weakness on the Index, reduced trade tensions, potential NAFTA deal to boost TSX, as well as Q3 over in 2.5 weeks, production #s to go out early October, Swan Zone update as to how the mining has been going, decision on Northern Territories, plenty of upside ahead.
Shares have always performed exceedingly well the 3-4 weeks before an earnings announcement.
This correction was just much much deeper, so we have more ground to cover to re-trace back to $ 30 CAD.
Last thing to get through is the FOMC rate hike Sept 25th, and eventually rates will neutralize with only 2 hikes forecasted in 19'.
JIN