K92 Mining (TSE:KNT) Stock Price Target Raised at National Bank Financial

Key Points

• National Bank Financial raised K92 Mining’s price target to C$39 from C$37 and maintained an “outperform” rating, implying 55.25% upside from the stock’s C$25.12 price.
• Analyst sentiment remains positive: K92 Mining has a consensus “Buy” rating and an average target price of C$36.57, with ratings including one Strong Buy and four Buys.
• The stock rose 1.7% in mid-day trading, while the company reported C$0.48 in quarterly EPS, C$291.61 million in revenue, a 45.48% net margin, and a 43.29% return on equity.

K92 Mining (TSE:KNT - Get Free Report) had its target price upped by National Bank Financial from C$37.00 to C$39.00 in a research note issued on Monday, BayStreet reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price objective indicates a potential upside of 55.25% from the company's current price.

KNT has been the subject of a number of other research reports. TD set a C$31.00 target price on shares of K92 Mining and gave the stock a "buy" rating in a research note on Tuesday, October 20th. Desjardins set a C$36.00 price target on K92 Mining and gave the company a "buy" rating in a research note on Monday, July 27th. Finally, Stifel Nicolaus raised K92 Mining to a "strong-buy" rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, K92 Mining currently has a consensus rating of "Buy" and an average target price of C$36.57.

K92 Mining Stock Up 1.7%

TSE:KNT traded up C$0.42 during mid-day trading on Monday, hitting C$25.12. The stock had a trading volume of 304,293 shares, compared to its average volume of 767,832. The stock has a 50-day simple moving average of C$28.55 and a two-hundred day simple moving average of C$25.80. The company has a market capitalization of C$6.17 billion, a PE ratio of 17.09 and a beta of 1.88. K92 Mining has a twelve month low of C$16.56 and a twelve month high of C$33.45. The company has a current ratio of 5.38, a quick ratio of 3.15 and a debt-to-equity ratio of 4.48.

K92 Mining (TSE:KNT - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported C$0.48 EPS for the quarter. K92 Mining had a net margin of 45.48% and a return on equity of 43.29%. The company had revenue of C$291.61 million during the quarter. On average, equities research analysts anticipate that K92 Mining will post 0.73 EPS for the current 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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