It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Kirkland Lake Gold Ltd. . This Mining – Gold stock has actually seen estimates rise over the past month for the current fiscal year by about 20.7%. But that is not yet reflected in its price, as the stock lost 1.6% over the same time frame.
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 12.4%, which should ultimately translate into price appreciation.
And if this isn’t enough, KL currently carries a Zacks Rank #2 (Buy), which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Kirkland Lake. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for KL and that now might be an interesting buying opportunity.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>
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Why Kirkland Lake Gold Ltd. (KL) Might Be a Diamond in the Rough
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Kirkland Lake Gold Ltd. . This Mining – Gold stock has actually seen estimates rise over the past month for the current fiscal year by about 20.7%. But that is not yet reflected in its price, as the stock lost 1.6% over the same time frame.
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 12.4%, which should ultimately translate into price appreciation.
And if this isn’t enough, KL currently carries a Zacks Rank #2 (Buy), which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Kirkland Lake. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for KL and that now might be an interesting buying opportunity.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>