K92 Mining (TSE:KNT) Stock Price Expected to Rise, National Bank Financial Analyst Says

K92 Mining (TSE:KNT) had its target price hoisted by equities researchers at National Bank Financial from C$37.00 to C$39.00 in a report released on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s target price would indicate a potential upside of 55.25% from the company’s previous close.

Several other equities research analysts also recently weighed in on KNT. Stifel Nicolaus raised K92 Mining to a “strong-buy” rating in a report on Monday, June 29th. TD set a C$31.00 target price on shares of K92 Mining and gave the company a “buy” rating in a report on Tuesday, October 20th. Finally, Desjardins set a C$36.00 price target on shares of K92 Mining and gave the company a “buy” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$36.57.

K92 Mining Stock Performance

Shares of TSE KNT traded up C$0.42 during trading hours on Monday, reaching C$25.12. The stock had a trading volume of 304,293 shares, compared to its average volume of 767,832. The firm has a market cap of C$6.17 billion, a price-to-earnings ratio of 17.09 and a beta of 1.88. The company has a current ratio of 5.38, a quick ratio of 3.15 and a debt-to-equity ratio of 4.48. K92 Mining has a fifty-two week low of C$16.56 and a fifty-two week high of C$33.45. The firm has a 50-day moving average of C$28.55 and a 200-day moving average of C$25.80.

K92 Mining (TSE:KNT) last released its quarterly earnings results on Monday, August 10th. The company reported C$0.48 earnings per share (EPS) for the quarter. The firm had revenue of C$291.61 million for the quarter. K92 Mining had a return on equity of 43.29% and a net margin of 45.48%. Equities research analysts predict that K92 Mining will post 0.73 earnings per share for the current year.

About K92 Mining

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.