K92 Mining (TSE:KNT) Reaches New 52-Week High – Should You Buy?

Shares of K92 Mining Inc. (TSE:KNTGet Free Report) hit a new 52-week high on Thursday . The stock traded as high as C$22.82 and last traded at C$22.79, with a volume of 40011 shares trading hands. The stock had previously closed at C$22.61.

Analyst Upgrades and Downgrades

Separately, Desjardins raised shares of K92 Mining to a “moderate buy” rating in a research note on Thursday, November 27th. Four equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Get Our Latest Analysis on KNT

K92 Mining Stock Performance

The company’s fifty day moving average price is C$19.57 and its two-hundred day moving average price is C$16.98. The company has a debt-to-equity ratio of 12.66, a quick ratio of 3.15 and a current ratio of 2.83. The firm has a market capitalization of C$5.52 billion, a PE ratio of 22.02 and a beta of 0.82.

K92 Mining (TSE:KNTGet Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported C$0.35 EPS for the quarter. The firm had revenue of C$247.22 million during the quarter. K92 Mining had a net margin of 24.76% and a return on equity of 20.37%. As a group, equities analysts expect that K92 Mining Inc. will post 0.7321867 earnings per share for the current year.

Insider Buying and Selling at K92 Mining

In related news, Director Cyndi Dianna Laval sold 9,400 shares of K92 Mining stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of C$17.63, for a total value of C$165,722.00. Following the transaction, the director owned 170,994 shares in the company, valued at approximately C$3,014,624.22. This trade represents a 5.21% decrease in their ownership of the stock. Company insiders own 2.53% of the company’s stock.

K92 Mining Company Profile

(Get Free Report)

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.

Further Reading

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