K92 Mining (TSE:KNT) Stock Rating Reaffirmed by Raymond James

Raymond James restated their outperform rating on shares of K92 Mining (TSE:KNT) in a research note published on Wednesday morning, Analyst Ratings Network reports. They currently have a C$10.00 target price on the stock.

KNT has been the subject of a number of other research reports. National Bankshares reissued a buy rating and set a C$11.75 target price on shares of K92 Mining in a research note on Tuesday, October 19th. National Bank Financial reissued an outperform overweight rating on shares of K92 Mining in a research note on Thursday, October 7th. Finally, Desjardins reissued a buy rating on shares of K92 Mining in a research note on Thursday, November 25th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, K92 Mining has a consensus rating of Buy and an average price target of C$11.21.

TSE KNT opened at C$7.00 on Wednesday. K92 Mining has a twelve month low of C$5.75 and a twelve month high of C$9.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.19 and a current ratio of 4.69. The stock has a market cap of C$1.55 billion and a price-to-earnings ratio of 54.69. The firm’s 50 day moving average price is C$7.40 and its two-hundred day moving average price is C$7.53.

K92 Mining (TSE:KNT) last posted its quarterly earnings data on Monday, November 15th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The business had revenue of C$44.54 million for the quarter, compared to analysts’ expectations of C$44.64 million. On average, research analysts forecast that K92 Mining will post 0.5 EPS for the current fiscal year.

K92 Mining Company Profile

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 725 square kilometers located in the Eastern Highlands province. K92 Mining Inc is headquartered in Vancouver, Canada.

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