TD Securities Remains a Buy on K92 Mining (KNT)
Confident Investing Starts Here:
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for K92 Mining with a C$15.15 average price target.
Based on K92 Mining's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$144.6 million and a net profit of C$70.24 million. In comparison, last year the company earned a revenue of C$59.8 million and had a net profit of C$3.07 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KNT in relation to earlier this year.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
3 hours ago
- CNBC
These stocks are overbought with S&P 500 near record highs and are vulnerable to pullback
Stocks such as eBay and Intel are among Wall Street's most overbought names this week and could see a pullback ahead, according to one popular technical metric. Each of the three major U.S. indexes hit all-time highs this week. The records followed improved investor sentiment after fresh consumer inflation data supported hopes for an interest rate cut from the Federal Reserve's September meeting. The S & P 500 and Nasdaq Composite gained 0.9% and 0.8% week to date, respectively, while the 30-stock Dow Jones Industrial Average added 1.7%. After this week's rally, we used the CNBC Pro stock screener tool to identify the most overbought stocks on the Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are generally considered overbought, meaning they could see shares decline in the future. The table below shows stocks with an RSI above 70 that have also risen at least 5% week to date, as of Friday morning. Biopharmaceutical company Incyte and e-commerce platform eBay topped the oversold list with RSIs of about 80 and 77, respectively. Incyte shares gained 11% this week. The stock is up nearly 26% year to date. Wells Fargo recently upgraded shares to overweight and set a $89 price target, saying the stock's setup appears favorable ahead of Incyte's expected update on its myelofibrosis therapy in the fourth quarter. The firm expects the news "will be positive." Myelofibrosis is rare bone marrow disorder. Shares of eBay jumped 8% this week, meanwhile, bringing its year-to-date gains to more than 62%. EBay on July 30 reported an earnings and sales beat for its second quarter, and also provided an upbeat forecast for the current period. EBAY 1Y mountain EBay stock performance over the past year. Intel, with an RSI of 71.3, logged a week-to-date gain of 23% — its best week in more than 25 years. It's a sharp swing for the struggling stock, which saw its worst annual performance on record last year after it lost 60% of its value. The chipmaker's steep climb followed a Bloomberg report on Thursday that said the Trump administration is weighing whether the U.S. government should take a stake in Intel to support its efforts to expand U.S. manufacturing. Following the report, D.A. Davidson head of technology research Gil Luria told CNBC that government intervention in Intel is "essential" to protect U.S. national security. Sentiment remains shaky on Intel. Of the 46 analysts covering the company, 39 rate it a hold, per LSEG. Only two analysts have a strong buy or buy rating on the name.
Yahoo
18 hours ago
- Yahoo
BofA Says 'It Better Be Different This Time,' as Stock Valuations Give Dotcom Bubble Vibes
With U.S. stocks sitting near record highs, Wall Street analysts say one key metric is starting to draw dotcom bubble comparisons. The S&P 500's price-to-book value ratio has climbed to 5.3, a touch above extreme valuations seen in March 2000, right before the dotcom bubble burst, according to Bank of America market strategist Michael Hartnett. Except, "it better be different this time," Hartnett said in a note to clients Thursday. Factors that would suggest the current market cycle is unlike the one in the 1990s—when tech stock valuations ballooned, and subsequently burst in the early 2000s—include bond allocations, the boom in artificial intelligence, currency debasement as well as global rebalancing away from the U.S. to the rest of the world, he said. However, investors partying on hopes the Federal Reserve cuts rates sooner rather than later could drag on the U.S. dollar, as rate cuts would lower the returns and attractiveness of investments in the currency. The firm's Bull & Bear Indicator sits in neutral territory, at a 6.1 on a scale of zero to 10 that measures extreme bearishness to extreme bullishness. "If not different this time, bonds get some love," Hartnett wrote; international stocks would be favored over the S&P 500 too. Investors appear "pumped" with expectations the Fed could soon join the "central bank rate cut party," with valuations being the only hurdle to pushing corporate bonds and stocks higher, he said. Traders are currently pricing in a roughly 87% chance the Fed will cut rates at its next meeting in September, according to the CME Group's FedWatch tool. However, a sharp pivot from Fed's recent policy stance could also give rise to fresh debates on the central bank's independence, and "disruption [equals] debasement," Hartnett said, suggesting a policy disruption could drive the U.S. dollar index below 90 and push investors to seek inflation and currency devaluation hedges in gold, crypto, and emerging markets in the second half of the 2020s. The U.S. dollar index, which measures the relative strength of the dollar compared to other currencies, has declined more than 9% this year, at around 98 as of Friday afternoon. A weaker dollar might prove useful for the Trump administration to see a "'25/'26 boom & bubble," Hartnett said, which he added could be an easy way "to reverse path of US debt & deficit trends." Read the original article on Investopedia Sign in to access your portfolio
Yahoo
a day ago
- Yahoo
China's Ant Group says Bright Smart deal on track following report of delay
BEIJING/HONG KONG (Reuters) -China's Ant Group said relevant procedures regarding its acquisition of Bright Smart Securities & Commodities Group are moving forward as planned, in response to a report that said the deal may face higher regulatory scrutiny and could be delayed. Shares of Bright Smart dropped as much as 26.2% to HK$10.26 on Friday after the Wall Street Journal reported on Thursday that the deal could be delayed as more mainland Chinese regulators contemplate reviewing the proposal. Hong Kong-based Bright Smart also said in a filing on Friday that it had noticed media reports suggesting a possible delay of the acquisition and that the relevant procedures with regard to the deal with the relevant authorities were progressing as planned. Ant agreed to buy a 50.55% controlling stake in Bright Smart Securities for HK$2.81 billion ($359.37 million), according to a filing by the brokerage in April. Ant was founded by billionaire Jack Ma and is 33% controlled by Alibaba. It operates China's ubiquitous mobile payments app Alipay. Chinese authorities pulled the plug on Ant's $37 billion IPO in Shanghai and Hong Kong in 2020 and cracked down on Ma's business empire soon after a speech in Shanghai in October that year accusing financial watchdogs of stifling innovation. That subsequently led to a forced restructuring of Ant and a nearly $1 billion fine by Chinese regulators. Ant is in the process of securing a financial holding company licence, which, once obtained, could facilitate the revival of its IPO goal. ($1 = 7.8192 Hong Kong dollars)
