Opinions Michael Smedley
K92 Mining IncKNT.TOCOMMENTAug 15, 2017
Stock price when the opinion was issued
As of Sep 18, 2026. Market Open.
You might be interested:
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)
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium content
Premium contentOn the back of an abrupt pullback in gold prices, we reiterate KNT as a TOP PICK. Recently reported earnings showed record cash reserves, revenue increases of 47% and record production rates. We continue to recommend a stop at $25, looking to achieve $36 — upside potential over 18%. Yield 0%
(Analysts’ price target is $34.55)Premium contentWe reiterate KNT as a TOP PICK. This miner with interests in Papua New Guinea expects gold production to increase at least 9% in 2026. It trades at 20x earnings and boasts a 45% ROE. We're watching debt increases closely, but cash flow remains firm. We recommend trailing up the stop (from $22) to $25, looking to achieve $34 -- upside potential of 23%. Yield 0%
(Analysts’ price target is $34.05)Premium content
Premium contentPremium contentPremium contentAs the Papua New Guinea gold producer inaugurates a major plant processing expansion, we reiterate KNT as a TOP PICK. It trades at 14x earnings and supports an impressive 44% ROE. We recommend trailing up the stop (from $13.50) to $16.00, looking to achieve $23.00 -- upside potential of 27%. Yield 0%
(Analysts’ price target is $22.89)Premium contentWe reiterate this gold producer with holdings in Papua New Guinea as a TOP PICK. It trades at 15x earnings and supports a ROE of 39%. Cash reserves are growing aggressively. We recommend maintaining the stop at $13.50, looking to achieve $18.00 -- upside potential of 21%. Yield 0%
(Analysts’ price target is $17.79)Premium contentPremium contentKNT has been producing gold in Papua New Guinea since 2018 and recently reported a 71% increase in Q1 production, just as gold hits all-time high prices. Cash flow is so strong, they are able to build reserves while aggressively deploying capital on project expansions. It trades at 20x earnings and supports a ROE of 26%. We recommend setting a stop-loss at $9.50, looking to achieve $16.00 -- upside potential of 30%. Yield 0%
(Analysts’ price target is $16.11)
Located in Papua New Guinea. It was opened by a renowned man who searched the world with his renowned team as to which project to start up. They settled on this as the best assets in the ground in the Gulf sector. Have been making some good discoveries.