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

TD set a C$31.00 price objective on K92 Mining (TSE:KNT) in a research report report published on Tuesday,BayStreet reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on the company. Stifel Nicolaus upgraded K92 Mining to a “strong-buy” rating in a research report on Monday, June 29th. Desjardins set a C$36.00 target price on K92 Mining and gave the stock a “buy” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, K92 Mining presently has a consensus rating of “Buy” and an average target price of C$36.17.

K92 Mining Trading Down 7.4%

Shares of KNT opened at C$25.01 on Tuesday. The stock’s 50-day moving average price is C$28.63 and its 200 day moving average price is C$25.79. The company has a quick ratio of 3.15, a current ratio of 5.38 and a debt-to-equity ratio of 4.48. The firm has a market capitalization of C$6.15 billion, a price-to-earnings ratio of 17.01 and a beta of 1.88. K92 Mining has a 12-month low of C$16.56 and a 12-month high of C$33.45.

K92 Mining (TSE:KNT) last announced its quarterly earnings data on Monday, August 10th. The company reported C$0.48 EPS for the quarter. K92 Mining had a return on equity of 43.29% and a net margin of 45.48%. The company had revenue of C$291.61 million during the quarter. As a group, research analysts predict that K92 Mining will post 0.73 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.