K92 Mining (TSE:KNT) PT Set at C$31.00 by TD

Key Points

• TD set a C$31.00 price target for K92 Mining and maintained a “Buy” rating, implying 14.43% upside from the previous close.
• Analyst sentiment remains positive, with K92 Mining receiving an overall consensus rating of “Buy” and an average price target of C$36.17; Desjardins set a higher C$36.00 target.
• K92 Mining reported quarterly EPS of C$0.48 on revenue of C$291.61 million, alongside a 45.48% net margin and 43.29% return on equity.

K92 Mining (TSE:KNT - Get Free Report) has been given a C$31.00 price target by equities researchers at TD in a report issued on Tuesday, BayStreet reports. The firm presently has a "buy" rating on the stock. TD's target price points to a potential upside of 14.43% from the stock's previous close.

Several other research firms have also issued reports on KNT. Desjardins set a C$36.00 price objective on K92 Mining and gave the company a "buy" rating in a research note on Monday, July 27th. Stifel Nicolaus upgraded K92 Mining to a "strong-buy" rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$36.17.

K92 Mining Price Performance

TSE:KNT traded down C$0.18 during trading hours on Tuesday, hitting C$27.09. The stock had a trading volume of 204,156 shares, compared to its average volume of 768,567. The company has a 50 day simple moving average of C$28.77 and a two-hundred day simple moving average of C$25.76. The company has a debt-to-equity ratio of 4.48, a current ratio of 5.38 and a quick ratio of 3.15. K92 Mining has a one year low of C$16.56 and a one year high of C$33.45. The firm has a market capitalization of C$6.66 billion, a price-to-earnings ratio of 18.43 and a beta of 1.88.

K92 Mining (TSE:KNT - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported C$0.48 EPS for the quarter. The firm had revenue of C$291.61 million during the quarter. K92 Mining had a net margin of 45.48% and a return on equity of 43.29%. Research analysts forecast that K92 Mining will post 0.73 earnings per share for the current fiscal year.

K92 Mining Company Profile

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.

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