K92 Mining (TSE:KNT) Price Target Raised to C$46.00 at Royal Bank Of Canada

K92 Mining (TSE:KNT) had its price objective boosted by Royal Bank Of Canada from C$36.00 to C$46.00 in a research note released on Thursday,BayStreet.CA reports.

Several other analysts also recently weighed in on the company. Stifel Nicolaus upped their price objective on K92 Mining from C$30.00 to C$39.00 in a research report on Tuesday, February 10th. Desjardins lifted their target price on K92 Mining from C$35.00 to C$38.50 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Finally, Scotiabank boosted their target price on 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$38.88.

K92 Mining Stock Down 3.3%

Shares of KNT opened at C$26.12 on Thursday. K92 Mining has a one year low of C$10.28 and a one year high of C$33.45. The company has a market cap of C$6.40 billion, a P/E ratio of 23.53 and a beta of 1.26. The company has a debt-to-equity ratio of 7.10, a current ratio of 3.28 and a quick ratio of 3.15. The firm has a 50 day simple moving average of C$27.59 and a two-hundred day simple moving average of C$21.90.

K92 Mining (TSE:KNT) last issued its earnings results on Monday, March 2nd. The company reported C$0.49 earnings per share for the quarter. K92 Mining had a return on equity of 41.72% and a net margin of 45.38%.The firm had revenue of C$234.30 million for the quarter. Research analysts forecast that K92 Mining will post 0.7321867 EPS for the current fiscal 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.