K92 Mining (KNTNF) to Release Earnings on Monday

K92 Mining (OTCMKTS:KNTNF) is projected to release its results before the market opens on Monday, May 11th. Analysts expect K92 Mining to post earnings of $0.4058 per share and revenue of $209.00 million for the quarter.

K92 Mining Stock Performance

Shares of OTCMKTS:KNTNF traded down $0.42 on Monday, hitting $17.95. The company’s stock had a trading volume of 2,203 shares, compared to its average volume of 162,608. The company has a 50-day simple moving average of $18.95 and a 200 day simple moving average of $17.30. K92 Mining has a 1 year low of $8.77 and a 1 year high of $24.87.

Analysts Set New Price Targets

Several research firms have weighed in on KNTNF. Scotiabank reaffirmed an “outperform” rating on shares of K92 Mining in a report on Monday, January 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of K92 Mining in a report on Tuesday, January 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of K92 Mining in a report on Tuesday, January 27th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

About K92 Mining

K92 Mining Inc is a Canada-based gold and silver mining company focused on the development and production of high-grade mineral resources at its flagship Kainantu Project in Papua New Guinea. The company’s core activities include open-pit and underground mining, ore processing and metallurgical recovery of gold, silver and copper concentrates. K92’s operations utilize modern mining techniques and state-of-the-art processing facilities to optimize recovery rates and cost efficiencies.

The Kainantu Project was acquired in 2015 and reached commercial production in 2017, quickly earning a reputation for some of the highest-grade gold-silver intercepts globally.