K92 Mining (TSE:KNT) Upgraded at Desjardins

Desjardins upgraded shares of K92 Mining (TSE:KNT) to a moderate buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

K92 Mining Stock Performance

Shares of KNT stock opened at C$21.09 on Thursday. K92 Mining has a one year low of C$8.25 and a one year high of C$21.28. 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$18.52 and a 200-day moving average of C$16.27. The stock has a market cap of C$5.13 billion, a PE ratio of 20.48 and a beta of 0.95.

K92 Mining (TSE:KNT) last announced its earnings results on Monday, November 10th. The company reported C$0.35 earnings per share (EPS) for the quarter. K92 Mining had a net margin of 24.76% and a return on equity of 20.37%. The firm had revenue of C$247.22 million for the quarter. As a group, sell-side analysts expect that K92 Mining will post 0.7321867 earnings per share for the current year.

Insider Buying and Selling

In other K92 Mining news, Director Cyndi Dianna Laval sold 9,400 shares of K92 Mining stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of C$17.63, for a total value of C$165,722.00. Following the completion of the transaction, the director directly owned 170,994 shares of the company’s stock, valued at C$3,014,624.22. The trade was a 5.21% decrease in their position. 2.53% of the stock is currently owned by company insiders.

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.