K92 Mining (TSE:KNT) Reaches New 1-Year High – Still a Buy?

Shares of K92 Mining Inc. (TSE:KNT) hit a new 52-week high during trading on Monday . The company traded as high as C$27.01 and last traded at C$26.95, with a volume of 46836 shares. The stock had previously closed at C$26.11.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded K92 Mining to a “moderate buy” rating in a research note on Thursday, November 27th. Four research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy”.

K92 Mining Stock Up 0.8%

The stock has a 50-day simple moving average of C$22.20 and a 200-day simple moving average of C$18.46. The company has a market cap of C$6.71 billion, a price-to-earnings ratio of 26.76 and a beta of 0.85. The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66.

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