K92 Mining (TSE:KNT) Given a C$31.00 Price Target by TD Analysts

K92 Mining (TSE:KNT) has been given a C$31.00 price target by equities research analysts at TD in a research report issued on Tuesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 14.43% from the stock’s current price.

A number of other brokerages have also weighed in on KNT. Desjardins set a C$36.00 price objective on shares of K92 Mining and gave the stock a “buy” rating in a report on Monday, July 27th. Stifel Nicolaus raised shares of K92 Mining to a “strong-buy” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, K92 Mining presently has a consensus rating of “Buy” and a consensus price target of C$36.17.

K92 Mining Price Performance

KNT traded down C$0.18 during midday trading on Tuesday, hitting C$27.09. The stock had a trading volume of 204,156 shares, compared to its average volume of 768,567. K92 Mining has a 1 year low of C$16.56 and a 1 year high of C$33.45. The company has a debt-to-equity ratio of 4.48, a quick ratio of 3.15 and a current ratio of 5.38. The business has a fifty day moving average of C$28.77 and a 200 day moving average of C$25.76. The company has a market cap of C$6.66 billion, a P/E ratio of 18.43 and a beta of 1.88.

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

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.