K92 Mining (TSE:KNT) Insider Sells C$1,215,500.00 in Stock

K92 Mining Inc. (TSE:KNT) insider David Gregory Medilek sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of C$24.31, for a total value of C$1,215,500.00. Following the completion of the sale, the insider directly owned 300,000 shares in the company, valued at C$7,293,000. This trade represents a 14.29% decrease in their position.

K92 Mining Stock Performance

Shares of TSE:KNT remained flat at C$24.37 during trading on Friday. The stock had a trading volume of 387,628 shares, compared to its average volume of 863,816. K92 Mining Inc. has a one year low of C$13.49 and a one year high of C$33.45. The stock has a market capitalization of C$5.97 billion, a P/E ratio of 18.89 and a beta of 1.72. The company has a fifty day moving average price of C$24.87 and a two-hundred day moving average price of C$24.55. The company has a quick ratio of 3.15, a current ratio of 4.87 and a debt-to-equity ratio of 5.53.

K92 Mining (TSE:KNT) last posted its earnings results on Monday, May 11th. The company reported C$0.65 EPS for the quarter. The business had revenue of C$328.50 million during the quarter. K92 Mining had a return on equity of 42.98% and a net margin of 46.05%. On average, research analysts forecast that K92 Mining Inc. will post 0.7321867 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KNT has been the topic of a number of recent analyst reports. Desjardins set a C$40.00 target price on K92 Mining and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada boosted their target price on K92 Mining from C$36.00 to C$46.00 in a research report on Thursday, March 12th. Stifel Nicolaus boosted their target price on K92 Mining from C$30.00 to C$39.00 in a research report on Tuesday, February 10th. Scotiabank boosted their target price on K92 Mining from C$20.50 to C$32.00 in a research report on Monday, January 26th. Finally, Raymond James Financial boosted their target price on K92 Mining from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$38.00.

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.