K92 Mining (TSE:KNT) Price Target Raised to C$46.00

K92 Mining (TSE:KNT) had its price target raised by Royal Bank Of Canada from C$36.00 to C$46.00 in a research note published on Thursday,BayStreet.CA reports.

KNT has been the topic of a number of other research reports. Scotiabank upped their price objective on K92 Mining from C$20.50 to C$32.00 in a research note on Monday, January 26th. Stifel Nicolaus raised their target price on shares of K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Finally, Desjardins boosted their target price 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. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, K92 Mining has an average rating of “Strong Buy” and a consensus price target of C$38.88.

K92 Mining Stock Performance

KNT opened at C$24.36 on Thursday. K92 Mining has a 52-week low of C$10.28 and a 52-week high of C$33.45. The firm has a market capitalization of C$5.97 billion, a PE ratio of 21.95 and a beta of 1.26. The company has a debt-to-equity ratio of 7.10, a quick ratio of 3.15 and a current ratio of 3.28. The business’s 50-day simple moving average is C$27.62 and its 200 day simple moving average is C$22.01.

K92 Mining (TSE:KNT) last issued its quarterly earnings results on Monday, March 2nd. The company reported C$0.49 EPS for the quarter. The firm had revenue of C$234.30 million during the quarter. K92 Mining had a return on equity of 41.72% and a net margin of 45.38%. As a group, sell-side analysts expect that K92 Mining 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.