K92 Mining (TSE:KNT) Price Target Raised to C$39.00

K92 Mining (TSE:KNT) had its target price increased by National Bank Financial from C$37.00 to C$39.00 in a report issued on Monday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Several other analysts have also issued reports on KNT. TD set a C$31.00 price objective on K92 Mining and gave the company a “buy” rating in a research note on Tuesday, October 20th. Stifel Nicolaus raised K92 Mining to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Desjardins set a C$36.00 target price on K92 Mining and gave the stock a “buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$36.57.

K92 Mining Stock Up 0.4%

K92 Mining stock opened at C$26.16 on Monday. The company has a debt-to-equity ratio of 4.48, a current ratio of 5.38 and a quick ratio of 3.15. The company’s 50-day moving average is C$28.38 and its 200-day moving average is C$26.06. The firm has a market capitalization of C$6.43 billion, a PE ratio of 17.80 and a beta of 1.88. K92 Mining has a fifty-two week low of C$17.44 and a fifty-two week high of C$33.45.

K92 Mining (TSE:KNT) last issued its earnings results on Monday, August 10th. The company reported C$0.48 earnings per share (EPS) for the quarter. K92 Mining had a net margin of 45.48% and a return on equity of 43.29%. The business had revenue of C$291.61 million during the quarter. Sell-side analysts anticipate that K92 Mining will post 0.73 earnings per share for the current year.

About K92 Mining

K92 Mining Inc is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022.