K92 Mining (TSE:KNT) Hits New 52-Week High – Still a Buy?

Shares of K92 Mining Inc. (TSE:KNT) reached a new 52-week high on Tuesday . The company traded as high as C$16.07 and last traded at C$15.48, with a volume of 159144 shares. The stock had previously closed at C$15.67.

Analysts Set New Price Targets

Several research firms have commented on KNT. Ventum Cap Mkts raised K92 Mining to a “strong-buy” rating in a report on Friday, May 9th. Stifel Canada upgraded K92 Mining to a “strong-buy” rating in a research report on Wednesday, March 19th.

K92 Mining Price Performance

The stock has a market cap of C$2.61 billion, a P/E ratio of 34.12 and a beta of 1.07. The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66. The company’s fifty day simple moving average is C$13.10 and its 200-day simple moving average is C$11.02.

K92 Mining Company Profile

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.