K92 Mining (TSE:KNT) PT Set at C$40.00 by Desjardins

K92 Mining (TSE:KNT) has been given a C$40.00 price target by equities researchers at Desjardins in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 53.32% from the company’s current price.

Several other equities analysts have also issued reports on the company. 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. 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. Finally, Scotiabank boosted their target price on K92 Mining from C$20.50 to C$32.00 in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average price target of C$39.25.

K92 Mining Price Performance

K92 Mining stock opened at C$26.09 on Thursday. The firm has a market capitalization of C$6.39 billion, a P/E ratio of 23.50 and a beta of 1.70. K92 Mining has a 1 year low of C$12.06 and a 1 year high of C$33.45. The business has a 50-day moving average of C$26.27 and a 200-day moving average of C$23.63. The company has a current ratio of 3.28, a quick ratio of 3.15 and a debt-to-equity ratio of 7.10.

K92 Mining (TSE:KNT) last posted its earnings results on Monday, March 2nd. The company reported C$0.49 earnings per share (EPS) for the quarter. The company 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%. On average, equities analysts anticipate that K92 Mining will post 0.7321867 EPS for the current 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.