K92 Mining (TSE:KNT) Hits New 12-Month High – Should You Buy?

Shares of K92 Mining Inc. (TSE:KNT) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$21.52 and last traded at C$21.03, with a volume of 117257 shares changing hands. The stock had previously closed at C$21.34.

Analyst Ratings Changes

Separately, Desjardins upgraded shares of K92 Mining to a “moderate buy” rating in a report on Thursday, November 27th. Four analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

K92 Mining Price Performance

The company has a market capitalization of C$5.17 billion, a P/E ratio of 20.64 and a beta of 0.82. The stock’s fifty day simple moving average is C$19.07 and its 200-day simple moving average is C$16.66. The company has a debt-to-equity ratio of 12.66, a current ratio of 2.83 and a quick ratio of 3.15.

K92 Mining (TSE:KNT) last posted its quarterly earnings data on Monday, November 10th. The company reported C$0.35 earnings per share for the quarter. K92 Mining had a return on equity of 20.37% and a net margin of 24.76%.The business had revenue of C$247.22 million during the quarter. On average, equities analysts forecast that K92 Mining Inc. will post 0.7321867 earnings per share for the current fiscal year.

Insider Activity at K92 Mining

In other news, Director Cyndi Dianna Laval sold 9,400 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of C$17.63, for a total transaction of C$165,722.00. Following the completion of the transaction, the director directly owned 170,994 shares in the company, valued at C$3,014,624.22. The trade was a 5.21% decrease in their ownership of the stock. 2.53% of the stock is currently owned by company insiders.

About K92 Mining

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.