K92 Mining (TSE:KNT) Sets New 12-Month High – Here’s Why

Shares of K92 Mining Inc. (TSE:KNT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$25.46 and last traded at C$25.42, with a volume of 280128 shares trading hands. The stock had previously closed at C$24.35.

Analyst Ratings Changes

Separately, Desjardins upgraded shares of K92 Mining to a “moderate buy” rating in a report on Thursday, November 27th. Four investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, K92 Mining currently has a consensus rating of “Strong Buy”.

K92 Mining Stock Up 4.2%

The company has a debt-to-equity ratio of 12.66, a current ratio of 2.83 and a quick ratio of 3.15. The stock’s fifty day simple moving average is C$21.09 and its two-hundred day simple moving average is C$17.91. The company has a market capitalization of C$6.18 billion, a price-to-earnings ratio of 24.64 and a beta of 0.85.

K92 Mining (TSE:KNT) last released its earnings results on Monday, November 10th. The company reported C$0.35 EPS for the quarter. The firm had revenue of C$247.22 million for the quarter. K92 Mining had a net margin of 24.76% and a return on equity of 20.37%. On average, sell-side analysts predict that K92 Mining Inc. will post 0.7321867 earnings per share for the current fiscal year.

K92 Mining Company Profile

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.