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

K92 Mining (TSE:KNT) had its price target upped by Stifel Nicolaus from C$30.00 to C$39.00 in a report issued on Tuesday,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the company. Scotiabank lifted their target price on K92 Mining from C$20.50 to C$32.00 in a research report on Monday, January 26th. Desjardins upgraded K92 Mining to a “moderate buy” rating in a research note on Thursday, November 27th. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of C$35.50.

K92 Mining Price Performance

K92 Mining stock opened at C$26.67 on Tuesday. 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 market cap of C$6.49 billion, a price-to-earnings ratio of 25.89 and a beta of 1.04. The firm has a 50-day moving average of C$24.84 and a two-hundred day moving average of C$19.89. K92 Mining has a 1 year low of C$9.26 and a 1 year high of C$29.61.

K92 Mining (TSE:KNT) last posted its quarterly earnings results on Monday, November 10th. The company reported C$0.35 earnings per share for the quarter. The firm had revenue of C$247.22 million during the quarter. K92 Mining had a net margin of 24.76% and a return on equity of 20.37%. On average, research analysts forecast that K92 Mining will post 0.7321867 earnings per share for the current year.

About K92 Mining

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.