K92 Mining (TSE:KNT) Hits New 52-Week High – Still a Buy?

K92 Mining Inc. (TSE:KNT)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$27.01 and last traded at C$26.95, with a volume of 46836 shares traded. The stock had previously closed at C$26.11.

Analysts Set New Price Targets

Separately, Desjardins raised shares of K92 Mining to a “moderate buy” rating in a report on Thursday, November 27th. Four investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, K92 Mining presently has an average rating of “Strong Buy”.

K92 Mining Stock Up 3.5%

The firm has a market cap of C$6.58 billion, a price-to-earnings ratio of 26.23 and a beta of 0.85. The company has a debt-to-equity ratio of 12.66, a current ratio of 2.83 and a quick ratio of 3.15. The stock has a 50-day moving average of C$21.87 and a 200-day moving average of C$18.28.

K92 Mining (TSE:KNT) last posted its 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 return on equity of 20.37% and a net margin of 24.76%. Sell-side analysts predict that K92 Mining Inc. will post 0.7321867 EPS for the current fiscal year.

K92 Mining Company Profile

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.