K92 Mining (TSE:KNT) Insider Sells C$162,542.00 in Stock

K92 Mining Inc. (TSE:KNT) insider Nancy Carol La Couvee sold 6,700 shares of K92 Mining stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$24.26, for a total transaction of C$162,542.00. Following the transaction, the insider directly owned 55,550 shares of the company’s stock, valued at C$1,347,643. The trade was a 10.76% decrease in their ownership of the stock.

K92 Mining Stock Down 0.4%

TSE KNT opened at C$25.30 on Wednesday. The company has a quick ratio of 3.15, a current ratio of 4.87 and a debt-to-equity ratio of 5.53. The company has a fifty day moving average of C$24.88 and a two-hundred day moving average of C$24.70. The firm has a market capitalization of C$6.20 billion, a price-to-earnings ratio of 19.61 and a beta of 1.72. K92 Mining Inc. has a 52 week low of C$13.73 and a 52 week high of C$33.45.

K92 Mining (TSE:KNT) last posted its quarterly earnings data on Monday, May 11th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$328.50 million during the quarter. K92 Mining had a net margin of 46.05% and a return on equity of 42.98%. On average, analysts predict that K92 Mining Inc. will post 0.7321867 earnings per share for the current year.

Wall Street Analyst Weigh In

KNT has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on K92 Mining from C$36.00 to C$46.00 in a report on Thursday, March 12th. Raymond James Financial lifted their target price on K92 Mining from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Stifel Nicolaus boosted their target price on shares of K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Finally, Desjardins set a C$40.00 price target on shares of K92 Mining and gave the stock a “buy” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, K92 Mining has an average rating of “Buy” and a consensus target price of C$38.00.

K92 Mining Company Profile

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.