K92 Mining IncKNT.TOTOP PICKMay 01, 2025Stock 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)
KNT 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)