Scotiabank Forecasts Strong Price Appreciation for K92 Mining (TSE:KNT) Stock

K92 Mining (TSE:KNT) had its price objective boosted by equities research analysts at Scotiabank from C$20.50 to C$32.00 in a research report issued on Monday,BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 15.98% from the company’s previous close.

Separately, Desjardins raised shares of K92 Mining to a “moderate buy” rating in a report on Thursday, November 27th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of C$32.00.

K92 Mining Trading Down 1.1%

KNT stock traded down C$0.32 during trading on Monday, hitting C$27.59. 847,926 shares of the company traded hands, compared to its average volume of 738,260. The company has a 50-day moving average of C$22.70 and a 200-day moving average of C$18.73. The company has a debt-to-equity ratio of 12.66, a quick ratio of 3.15 and a current ratio of 2.83. K92 Mining has a 1 year low of C$9.26 and a 1 year high of C$28.90. The firm has a market capitalization of C$6.71 billion, a PE ratio of 26.79 and a beta of 0.85.

K92 Mining (TSE:KNT) last announced its quarterly earnings data on Monday, November 10th. The company reported C$0.35 earnings per share for the quarter. K92 Mining had a return on equity of 20.37% and a net margin of 24.76%.The firm had revenue of C$247.22 million during the quarter. 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.