Desjardins Analysts Give K92 Mining (TSE:KNT) a C$36.00 Price Target

Desjardins set a C$36.00 target price on K92 Mining (TSE:KNT) in a report issued on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

KNT has been the subject of several other research reports. Stifel Nicolaus raised shares of K92 Mining to a “strong-buy” rating in a research report on Monday, June 29th. Raymond James Financial lifted their price objective on K92 Mining from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$37.20.

K92 Mining Trading Up 0.4%

Shares of KNT stock opened at C$22.64 on Monday. The firm has a fifty day moving average of C$22.81 and a 200-day moving average of C$25.15. The stock has a market cap of C$5.55 billion, a price-to-earnings ratio of 17.55 and a beta of 1.81. K92 Mining has a 52-week low of C$14.13 and a 52-week high of C$33.45. The company has a debt-to-equity ratio of 5.53, a quick ratio of 3.15 and a current ratio of 4.87.

K92 Mining (TSE:KNT) last issued its earnings results on Monday, May 11th. The company reported C$0.65 earnings per share for the quarter. The business had revenue of C$328.50 million for the quarter. K92 Mining had a net margin of 46.05% and a return on equity of 42.98%. On average, equities research analysts forecast that K92 Mining will post 0.7321867 earnings per share for the current fiscal year.

Insider Buying and Selling at K92 Mining

In other news, insider David Gregory Medilek sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of C$24.31, for a total value of C$1,215,500.00. Following the sale, the insider owned 300,000 shares of the company’s stock, valued at approximately C$7,293,000. This represents a 14.29% decrease in their position. Also, insider Nancy Carol La Couvee sold 6,700 shares of the stock in a transaction dated 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 sale, the insider owned 55,550 shares of the company’s stock, valued at C$1,347,643. This trade represents a 10.76% decrease in their position. 2.53% of the stock is currently owned by insiders.

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.