CA - K92 Mining Grows Into A Mid-Sized Miner With Dip Opportunity Ahead
2024-07-05 09:44:32 ET
Summary
- K92 Mining Inc. receives a "Buy" rating for its shares due to strong financial results and production growth and a positive outlook for gold.
- Shares have risen by 30.28% since the last rating, outperforming the S&P 500, with potential for further growth. If they bought the dips, investors could see holdings grow much more.
- Operations show improved production and costs and get support by a record bullish sentiment in the gold market.
- Shares are a "Buy" but the levels are high. But there is potential for another dip in the share price after the summer, raising the chance of returns.
A “Buy” Rating for Shares of K92 Mining Inc.
It's time to update the rating for the shares of K92 Mining Inc. ( KNTNF ) ( KNT:CA ) stock. This company is a producer of gold equivalent ounces or “oz AuEq.” - as it produces copper and silver in addition to gold - from metal deposits in Papua New Guinea. However, gold is the most important production, as it accounted for almost 90% of the company’s revenue in the first quarter of 2024....
K92 Mining Grows Into A Mid-Sized Miner With Dip Opportunity Ahead