“It’s never too late to retire early”
Kirkland Lake Gold has everything you’d look for in mining stock. The company’s three producing mines produced at an all-in sustaining cost (AISC) of $800 per gold ounce in 2020, which is among the lowest in the industry. The cash flow KL generates from its more than $900 margin over AISC allowed it to repurchase 20 million shares of its common stock and triple its quarterly dividend.
KL appears to be significantly undervalued. The company’s financial condition is strong, and its profitability is strong. Its growth ranks better than 90% of the companies in the Metals & Mining industry. The earnings report, which is expected to be released later this week, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
Furthermore, KL has the best balance sheet of any gold stock. It ended last year with almost $848 million in cash and no debt. It’s a cash-flow powerhouse that would be the perfect asset to your portfolio.
This incredible stock was hiding in plain sight—here’s what you need to know
Paul Mampilly is a Wall Street legend.
(Barron’s crowned his hedge fund as the “world’s best” and Kiplinger ranked it in the top 1%.)
But a few years ago, he left Wall Street.
“I just grew tired of helping the rich get richer,” Paul explains. “So I started sharing my No. 1 investment picks with Main Street Americans.”
And his No. 1 stock picks across his various research services have been phenomenal.
In 2017, he recommended Plug Power. It gained 1142% in 3.5 years.
In June 2018, he recommended Tandem Diabetes. It’s currently up 520% and still climbing.
In December 2019, he recommended Enphase Energy. It gained 638% in 1 year.
And in March of last year, he recommended Carvana. It’s currently up 877%and still climbing.
But Paul believes his No. 1 stock pick for 2021 could go even higher.
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