K92 Mining (TSE:KNT) Hits New 12-Month High at $8.98

K92 Mining Inc. (TSE:KNT) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$8.98 and last traded at C$8.97, with a volume of 271805 shares. The stock had previously closed at C$8.86.

A number of analysts recently issued reports on the stock. Canaccord Genuity dropped their target price on shares of K92 Mining from C$11.75 to C$11.25 and set a “buy” rating for the company in a research report on Wednesday, May 19th. TD Securities reissued a “buy” rating and set a C$11.00 target price on shares of K92 Mining in a research report on Thursday, April 22nd. Finally, Raymond James reaffirmed an “outperform” rating and issued a C$10.00 price objective on shares of K92 Mining in a research report on Friday, May 14th.

The company has a current ratio of 3.76, a quick ratio of 2.88 and a debt-to-equity ratio of 1.20. The company has a market capitalization of C$1.97 billion and a price-to-earnings ratio of 41.02. The company has a 50-day moving average of C$7.91.

K92 Mining (TSE:KNT) last released its quarterly earnings results on Monday, March 29th. The company reported C$0.07 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.03). The firm had revenue of C$62.56 million for the quarter. As a group, sell-side analysts expect that K92 Mining Inc. will post 0.41 EPS for the current year.

About K92 Mining (TSE:KNT)

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. K92 Mining Inc is headquartered in Vancouver, Canada.

Read More: What is Call Option Volume?

Receive News & Ratings for K92 Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K92 Mining and related companies with MarketBeat.com's FREE daily email newsletter.