K92 Mining (TSE:KNT) Upgraded to “Moderate Buy” at Desjardins

Desjardins upgraded shares of K92 Mining (TSE:KNT) to a moderate buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

K92 Mining Trading Up 4.3%

KNT stock opened at C$21.09 on Thursday. The company has a market capitalization of C$5.13 billion, a PE ratio of 20.48 and a beta of 0.95. The firm’s 50-day moving average is C$18.52 and its 200 day moving average is C$16.24. K92 Mining has a 12 month low of C$8.25 and a 12 month high of C$21.28. The company has a debt-to-equity ratio of 12.66, a current ratio of 2.83 and a quick ratio of 3.15.

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

Insiders Place Their Bets

In other K92 Mining news, Director Cyndi Dianna Laval sold 9,400 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of C$17.63, for a total transaction of C$165,722.00. Following the transaction, the director directly owned 170,994 shares in the company, valued at C$3,014,624.22. This represents a 5.21% decrease in their position. 2.53% of the stock is currently owned by company insiders.

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.