K92 Mining (TSE:KNT) Price Target Raised to C$39.00 at Stifel Nicolaus

K92 Mining (TSE:KNT) had its price target hoisted by Stifel Nicolaus from C$30.00 to C$39.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

Several other equities research analysts have also recently commented on KNT. Desjardins raised shares of K92 Mining to a “moderate buy” rating in a research report on Thursday, November 27th. Scotiabank increased their price target on shares of K92 Mining from C$20.50 to C$32.00 in a research note on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average target price of C$35.50.

K92 Mining Trading Up 2.1%

KNT opened at C$28.50 on Tuesday. The business has a 50 day simple moving average of C$24.54 and a two-hundred day simple moving average of C$19.77. The firm has a market capitalization of C$6.94 billion, a price-to-earnings ratio of 27.67 and a beta of 1.04. The company has a debt-to-equity ratio of 12.66, a current ratio of 2.83 and a quick ratio of 3.15. K92 Mining has a one year low of C$9.26 and a one year high of C$29.61.

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

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.