Key Points
- Insider sale: K92 Mining insider Nancy Carol La Couvee sold 6,700 shares on May 22 at an average price of C$24.26, totaling about C$162,542. After the sale, she still held 55,550 shares, a 10.76% reduction in ownership.
- Recent financial results: The company reported quarterly earnings of C$0.65 per share on revenue of C$328.5 million, with a strong net margin of 46.05% and return on equity of 42.98%. Analysts expect K92 Mining to earn about 0.732 EPS for the current fiscal year.
- Analyst sentiment: Several firms recently raised price targets on K92 Mining, and the stock currently carries a consensus Buy rating. The average target price among analysts is C$38.00, above the latest share price around C$24.37.
K92 Mining Inc. (TSE:KNT - Get Free Report) insider Nancy Carol La Couvee sold 6,700 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider owned 55,550 shares of the company's stock, valued at approximately C$1,347,643. This trade represents a 10.76% decrease in their ownership of the stock.
K92 Mining Price Performance
Shares of KNT opened at C$24.37 on Monday. The company has a market cap of C$5.97 billion, a price-to-earnings ratio of 18.89 and a beta of 1.72. K92 Mining Inc. has a twelve month low of C$13.49 and a twelve month high of C$33.45. The company has a quick ratio of 3.15, a current ratio of 4.87 and a debt-to-equity ratio of 5.53. The company has a 50 day moving average of C$24.87 and a two-hundred day moving average of C$24.59.
K92 Mining (TSE:KNT - Get Free Report) last announced its earnings results on Monday, May 11th. The company reported C$0.65 earnings per share for the quarter. The company had revenue of C$328.50 million during the quarter. K92 Mining had a net margin of 46.05% and a return on equity of 42.98%. As a group, analysts predict that K92 Mining Inc. will post 0.7321867 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Royal Bank Of Canada raised their target price on shares of K92 Mining from C$36.00 to C$46.00 in a research note on Thursday, March 12th. Scotiabank raised their target price on shares of K92 Mining from C$20.50 to C$32.00 in a research note on Monday, January 26th. Stifel Nicolaus raised their target price on shares of K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Desjardins set a C$40.00 price objective on shares of K92 Mining and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Finally, Raymond James Financial lifted their price objective on shares of K92 Mining from C$30.00 to C$33.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$38.00.
View Our Latest Report on KNT
About K92 Mining
(
Get Free Report)
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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