K92 Mining (TSE:KNT) Given New C$38.50 Price Target at Desjardins

K92 Mining (TSE:KNT) had its price objective increased by Desjardins from C$35.00 to C$38.50 in a report released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently issued reports on KNT. Stifel Nicolaus boosted their price objective on shares of K92 Mining from C$30.00 to C$39.00 in a report on Tuesday, February 10th. Scotiabank lifted their price target on shares of K92 Mining from C$20.50 to C$32.00 in a research report on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average price target of C$36.50.

K92 Mining Trading Down 10.0%

TSE:KNT opened at C$29.84 on Tuesday. The company has a current ratio of 3.29, a quick ratio of 3.15 and a debt-to-equity ratio of 8.70. K92 Mining has a 1-year low of C$9.26 and a 1-year high of C$33.45. The firm has a market capitalization of C$7.26 billion, a price-to-earnings ratio of 28.97 and a beta of 1.04. The business’s 50-day moving average price is C$26.88 and its two-hundred day moving average price is C$21.35.

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 43.40% and a net margin of 46.52%. On average, equities analysts expect that K92 Mining will post 0.7321867 earnings per share for the current year.

About K92 Mining

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.