Nancy Carol La Couvee Sells 6,700 Shares of K92 Mining (TSE:KNT) Stock

K92 Mining Inc. (TSE:KNT) insider Nancy Carol La Couvee sold 6,700 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$24.26, for a total transaction of C$162,542.00. Following the transaction, the insider owned 55,550 shares in the company, valued at C$1,347,643. The trade was a 10.76% decrease in their ownership of the stock.

K92 Mining Price Performance

TSE:KNT remained flat at C$24.37 during mid-day trading on Friday. 387,628 shares of the company traded hands, compared to its average volume of 863,816. The stock has a market cap of C$5.97 billion, a PE ratio of 18.89 and a beta of 1.72. K92 Mining Inc. has a one year low of C$13.49 and a one year high of C$33.45. The stock has a 50 day moving average price of C$24.87 and a 200 day moving average price of C$24.55. The company has a quick ratio of 3.15, a current ratio of 4.87 and a debt-to-equity ratio of 5.53.

K92 Mining (TSE:KNT) last issued its quarterly earnings results on Monday, May 11th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$328.50 million for the quarter. K92 Mining had a net margin of 46.05% and a return on equity of 42.98%. As a group, research analysts predict that K92 Mining Inc. will post 0.7321867 EPS for the current year.

Analysts Set New Price Targets

KNT has been the topic of several analyst reports. Raymond James Financial upped their price target on shares of K92 Mining from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Stifel Nicolaus upped their target price on shares of K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Scotiabank upped their target price on shares of K92 Mining from C$20.50 to C$32.00 in a research note on Monday, January 26th. Desjardins set a C$40.00 target price on shares of K92 Mining and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada raised their price target on shares of K92 Mining from C$36.00 to C$46.00 in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$38.00.

About K92 Mining

K92 Mining Inc is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022.