Shares of K92 Mining Inc. have been given an average rating of “Buy” by the nine analysts that are currently covering the company, MarketBeat reports.
Seven analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$11.21. A number of equities research analysts recently weighed in on KNT shares.
Speculative buy rating
Canaccord Genuity Group restated a “speculative buy” rating and set a C$8.75 price objective on shares of K92 Mining in a research note on Monday, January 31st. Raymond James restated an “outperform” rating and set a C$10.00 price objective on shares of K92 Mining in a research note on Thursday, February 17th. BMO Capital Markets upgraded K92 Mining to a “buy” rating and set a C$11.00 price objective for the company in a research note on Thursday, February 24th. Eight Capital upped their price objective on K92 Mining from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. Finally, Pi Financial reiterated a “buy” rating on shares of K92 Mining in a research note on Monday, May 2nd.
KNT opened at C$8.27 on Friday. K92 Mining has a 12-month low of C$5.75 and a 12-month high of C$10.52. The company has a current ratio of 3.68, a quick ratio of 2.86 and a debt-to-equity ratio of 6.26. The business’s fifty day simple moving average is C$8.87 and its 200-day simple moving average is C$7.93. The company has a market capitalization of C$1.86 billion and a price-to-earnings ratio of 53.01
K92 Mining last issued its quarterly earnings data on Wednesday, March 30th. The company reported C$0.09 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.02). The company had revenue of C$67.99 million during the quarter, compared to analysts’ expectations of C$82.55 million. On average, equities research analysts predict that K92 Mining will post 0.57 EPS for the current year.
About K92 Mining
K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 862 square kilometers located in the Eastern Highlands province of Papua New Guinea.