K92 Mining (TSE:KNT) Stock Price Expected to Rise, Desjardins Analyst Says

K92 Mining (TSE:KNT) had its price objective upped by equities researchers at Desjardins from C$35.00 to C$38.50 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 29.80% from the company’s current price.

A number of other research analysts have also recently weighed in on KNT. Stifel Nicolaus raised their price objective on shares of K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Scotiabank increased their target price on K92 Mining from C$20.50 to C$32.00 in a report on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus price target of C$36.50.

K92 Mining Trading Down 0.6%

TSE:KNT opened at C$29.66 on Tuesday. K92 Mining has a 52-week low of C$9.49 and a 52-week high of C$33.45. The company has a quick ratio of 3.15, a current ratio of 3.28 and a debt-to-equity ratio of 7.10. The stock has a fifty day simple moving average of C$27.01 and a 200-day simple moving average of C$21.41. The company has a market capitalization of C$7.22 billion, a PE ratio of 28.80 and a beta of 1.04.

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