K92 Mining (TSE:KNT) Given a C$36.00 Price Target by Desjardins Analysts

Desjardins set a C$36.00 target price on K92 Mining (TSE:KNT) in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

KNT has been the subject of a number of other reports. Raymond James Financial upped their target price on K92 Mining from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Stifel Nicolaus raised K92 Mining to a “strong-buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$37.20.

K92 Mining Stock Performance

TSE KNT opened at C$22.99 on Monday. The company has a debt-to-equity ratio of 5.53, a current ratio of 4.87 and a quick ratio of 3.15. K92 Mining has a 1 year low of C$14.13 and a 1 year high of C$33.45. The company has a market capitalization of C$5.64 billion, a PE ratio of 17.82 and a beta of 1.81. The company has a fifty day moving average of C$22.89 and a two-hundred day moving average of C$25.17.

K92 Mining (TSE:KNT) last posted its earnings results on Monday, May 11th. The company reported C$0.65 EPS for the quarter. K92 Mining had a return on equity of 42.98% and a net margin of 46.05%.The business had revenue of C$328.50 million for the quarter. As a group, analysts expect that K92 Mining will post 0.7321867 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Nancy Carol La Couvee sold 6,700 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$24.26, for a total transaction of C$162,542.00. Following the completion of the sale, the insider owned 55,550 shares in the company, valued at C$1,347,643. This represents a 10.76% decrease in their ownership of the stock. Also, insider David Gregory Medilek sold 50,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$24.31, for a total value of C$1,215,500.00. Following the sale, the insider directly owned 300,000 shares of the company’s stock, valued at approximately C$7,293,000. This represents a 14.29% decrease in their ownership of the stock. Insiders own 2.53% of the company’s stock.

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.