K92 Mining (TSE:KNT) Sets New 1-Year High – Should You Buy?

K92 Mining Inc. (TSE:KNT)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$27.01 and last traded at C$26.95, with a volume of 46836 shares traded. The stock had previously closed at C$26.11.

Analyst Ratings Changes

Separately, Desjardins raised shares of K92 Mining to a “moderate buy” rating in a report on Thursday, November 27th. Four research 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.com, K92 Mining currently has an average rating of “Strong Buy”.

K92 Mining Trading Up 3.5%

The company has a debt-to-equity ratio of 12.66, a quick ratio of 3.15 and a current ratio of 2.83. The firm has a market cap of C$6.58 billion, a P/E ratio of 26.23 and a beta of 0.85. The stock has a fifty day simple moving average of C$21.87 and a 200 day simple moving average of C$18.28.

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

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.