02:35:06 EDT Thu 01 Oct 2020
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Kirkland Lake Gold Ltd
Symbol KL
Shares Issued 277,200,258
Close 2020-05-20 C$ 55.02
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Globe says Kirkland Lake, others have room to grow

2020-05-20 07:20 ET - In the News

Also In the News (C-ASR) Alacer Gold Corp
Also In the News (C-REAL) Real Matters Inc
Also In the News (C-SMF) Semafo Inc
Also In the News (C-WDO) Wesdome Gold Mines Ltd

The Globe and Mail attempts to identify institutional-investor approved, financially stable, large- and mid-cap stocks trending upward in its Wednesday, May 20, edition. The Globe's guest columnist Mansoor Elahi writes in the Number Cruncher column that over the past three months, we have seen the investing world move money into safer, low-volatility assets. In the past month alone, North American money market funds saw an inflow of close to $390-billion (U.S.), whereas their equity counterparts saw an outflow of $24-billion (U.S.). Seeing this shift in investment dollars, Mr. Elahi searched for safe equity bets in the current market environment that exhibit both strong fundamental and technical characteristics. He started by looking at companies headquartered in North America with a market capitalization more than $1-billion (U.S.). Mr. Elahi compared the buying profile of more than 55,000 institutional investors and mutual funds with the fundamental factors of each stock globally. The closer the alignment between the fund's profile and the stock, the higher the ranking. Mr. Elahi's recommended picks are Real Matter, Wesdome Gold Mines, Alacer Gold, Kirkland Lake Gold and Semafo.

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