K92 Mining IncKNT.TOBUYDec 02, 2016Stock price when the opinion was issued
As of Sep 18, 2026. Market Open.
Gold prices are rising as the USD weakens, and this helps KNT. They continue to expand the mine they bought from Barrick 2 years ago, aiming for full production in a couple of years. They are exploring in Papua New Guinea without issue. Their production is high-grade and low cost. They trade at a discount to peers.
(Analysts’ price target is $34.50)
Just started mining in Papua New Guinea. Unfortunately, the gold price has turned against them, so the stock is getting crushed. However, even in a lower gold environment, this is probably a Buy. People are going to discover that they are actually producing and making money. Thinks they are going to be able to attract a bigger audience and more investors, creating a higher stock price.