K92 Mining (TSE:KNT) Price Target Raised to C$33.00

K92 Mining (TSE:KNT) had its target price raised by Raymond James Financial from C$30.00 to C$33.00 in a research report released on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Scotiabank boosted their price objective on K92 Mining from C$20.50 to C$32.00 in a report on Monday, January 26th. Stifel Nicolaus boosted their target price on K92 Mining from C$30.00 to C$39.00 in a research report on Tuesday, February 10th. Desjardins set a C$40.00 target price on K92 Mining and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada boosted their target price on K92 Mining from C$36.00 to C$46.00 in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average price target of C$38.00.

K92 Mining Stock Performance

Shares of TSE:KNT opened at C$24.53 on Wednesday. The stock has a market capitalization of C$6.01 billion, a P/E ratio of 22.10 and a beta of 1.70. K92 Mining has a 1-year low of C$12.07 and a 1-year high of C$33.45. The company has a current ratio of 3.28, a quick ratio of 3.15 and a debt-to-equity ratio of 7.10. The business has a 50-day moving average price of C$26.02 and a two-hundred day moving average price of C$23.80.

K92 Mining (TSE:KNT) last announced its quarterly earnings data on Monday, March 2nd. The company reported C$0.49 earnings per share for the quarter. The firm had revenue of C$234.30 million during the quarter. K92 Mining had a return on equity of 41.72% and a net margin of 45.38%. Equities analysts predict that K92 Mining will post 0.7321867 earnings per share for the current year.

About K92 Mining

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.