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KL - Why Shares of Kirkland Lake Gold Sank 15% in February
Kirkland Lake Gold Ltd.
After sinking more than 6% through 2020, shares of Kirkland Lake Gold (NYSE: KL) have followed the same downward trajectory in the beginning of 2021. Falling 7% in January, Kirkland Lake's stock subsequently tumbled 15% in February, according to data provided by S&P Global Market Intelligence .
Besides the falling price of gold, investors sold off shares in response to a bearish take on the stock from Wall Street.