K92 Mining (TSE:KNT) Hits New 52-Week High – Still a Buy?

K92 Mining Inc. (TSE:KNT) shares hit a new 52-week high on Monday . The stock traded as high as C$25.46 and last traded at C$25.42, with a volume of 280128 shares. The stock had previously closed at C$24.35.

Analyst Ratings Changes

Separately, Desjardins raised K92 Mining to a “moderate buy” rating in a research report on Thursday, November 27th. Four analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, K92 Mining has an average rating of “Strong Buy”.

K92 Mining Trading Up 4.2%

The firm has a market cap of C$6.18 billion, a P/E ratio of 24.64 and a beta of 0.85. The business has a 50 day moving average of C$21.09 and a two-hundred day moving average of C$17.91. The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66.

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