Nancy Carol La Couvee Sells 6,700 Shares of K92 Mining (TSE:KNT) Stock

K92 Mining Inc. (TSE:KNT) insider Nancy Carol La Couvee sold 6,700 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$24.26, for a total transaction of C$162,542.00. Following the transaction, the insider owned 55,550 shares of the company’s stock, valued at C$1,347,643. The trade was a 10.76% decrease in their position.

K92 Mining Stock Up 4.2%

K92 Mining stock opened at C$25.39 on Tuesday. The company has a current ratio of 4.87, a quick ratio of 3.15 and a debt-to-equity ratio of 5.53. K92 Mining Inc. has a 1-year low of C$13.73 and a 1-year high of C$33.45. The company has a fifty day simple moving average of C$24.86 and a 200 day simple moving average of C$24.65. The company has a market cap of C$6.22 billion, a P/E ratio of 19.68 and a beta of 1.72.

K92 Mining (TSE:KNT) last issued its quarterly earnings results on Monday, May 11th. The company reported C$0.65 EPS for the quarter. K92 Mining had a net margin of 46.05% and a return on equity of 42.98%. The firm had revenue of C$328.50 million for the quarter. Research analysts anticipate that K92 Mining Inc. will post 0.7321867 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KNT. Scotiabank increased their price target on K92 Mining from C$20.50 to C$32.00 in a research report on Monday, January 26th. Royal Bank Of Canada boosted their price target on K92 Mining from C$36.00 to C$46.00 in a research report on Thursday, March 12th. Raymond James Financial upped their price objective on K92 Mining from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Desjardins set a C$40.00 target price on shares of K92 Mining and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus boosted their target price on shares of K92 Mining from C$30.00 to C$39.00 in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, K92 Mining currently has an average rating of “Buy” and a consensus price target of C$38.00.

K92 Mining Company Profile

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.