Insider Selling: K92 Mining (TSE:KNT) Insider Sells 6,700 Shares of Stock

K92 Mining Inc. (TSE:KNT) insider Nancy Carol La Couvee sold 6,700 shares of the business’s 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 completion of the sale, the insider owned 55,550 shares in the company, valued at approximately C$1,347,643. The trade was a 10.76% decrease in their position.

K92 Mining Price Performance

KNT stock remained flat at C$24.37 during mid-day trading on Friday. 387,628 shares of the company’s stock traded hands, compared to its average volume of 863,816. The company has a market capitalization of C$5.97 billion, a P/E ratio of 18.89 and a beta of 1.72. K92 Mining Inc. has a 1-year low of C$13.49 and a 1-year high of C$33.45. The company has a quick ratio of 3.15, a current ratio of 4.87 and a debt-to-equity ratio of 5.53. The firm’s 50-day moving average price is C$24.87 and its 200-day moving average price is C$24.55.

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

Wall Street Analyst Weigh In

Several analysts have commented on KNT shares. Stifel Nicolaus boosted their price target on shares of K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Raymond James Financial boosted their price target on shares of 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 price target on shares of K92 Mining and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Scotiabank upped their target price on shares of K92 Mining from C$20.50 to C$32.00 in a research report on Monday, January 26th. Finally, Royal Bank Of Canada upped their target price on shares of K92 Mining from C$36.00 to C$46.00 in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price 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.