Royal Bank Of Canada Boosts K92 Mining (TSE:KNT) Price Target to C$46.00

K92 Mining (TSE:KNT) had its price target hoisted by research analysts at Royal Bank Of Canada from C$36.00 to C$46.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s target price would suggest a potential upside of 74.18% from the stock’s current price.

A number of other brokerages have also commented on KNT. Scotiabank upped their price target on K92 Mining from C$20.50 to C$32.00 in a report on Monday, January 26th. Desjardins boosted their price objective on shares of K92 Mining from C$35.00 to C$38.50 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Finally, Stifel Nicolaus upped their target price on K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average price target of C$38.88.

K92 Mining Stock Performance

KNT traded down C$0.59 on Thursday, hitting C$26.41. The company had a trading volume of 573,972 shares, compared to its average volume of 816,431. K92 Mining has a 1-year low of C$10.28 and a 1-year high of C$33.45. The stock has a market cap of C$6.47 billion, a price-to-earnings ratio of 23.79 and a beta of 1.26. The company has a debt-to-equity ratio of 7.10, a current ratio of 3.28 and a quick ratio of 3.15. The company’s fifty day moving average price is C$27.52 and its 200 day moving average price is C$21.87.

K92 Mining (TSE:KNT) last posted its quarterly earnings data on Monday, March 2nd. The company reported C$0.49 earnings per share (EPS) for the quarter. The business 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%. Equities analysts predict 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.