K92 Mining (TSE:KNT) Given a C$40.00 Price Target at Desjardins

Desjardins set a C$40.00 price target on K92 Mining (TSE:KNT) in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. Scotiabank boosted their target price on shares of K92 Mining from C$20.50 to C$32.00 in a research note on Monday, January 26th. Stifel Nicolaus boosted their target price on shares of K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Finally, Royal Bank Of Canada boosted their target price on shares of K92 Mining from C$36.00 to C$46.00 in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, K92 Mining has a consensus rating of “Strong Buy” and a consensus price target of C$39.25.

K92 Mining Price Performance

Shares of TSE:KNT opened at C$26.21 on Thursday. K92 Mining has a one year low of C$12.06 and a one year high of C$33.45. The stock has a fifty day moving average of C$26.31 and a 200-day moving average of C$23.58. The company has a market capitalization of C$6.42 billion, a PE ratio of 23.61 and a beta of 1.70. The company has a debt-to-equity ratio of 7.10, a quick ratio of 3.15 and a current ratio of 3.28.

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

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.