RE:recommendations? In the metals space, i own MAG and KNTNF only
Having said that, I just sold 1/2 my position in MAG
and moved those funds into KNTNF.
Why?
The P/E ratio closed at 57 today.
The current trailing twelve month earnings is at $0.12
(ie +0.03 + 0.01+ 0.08+ 0.00). I've stated this before but
i see the 3rd q 2024 eps at $0.12 ...some analysts see it much higher.
When KNT reports eps on Nov 14, the $0.00 from 3rd q 2023 drops out.
The new TTM eps result= 0.12+ 0.03+ 0.01+ 0.08=$0.24
Therefore, even if the P/E ratio is 45, the Price would be $10.80.
That would be a 57% return in the days following Nov 14 eps.
i don't understand why it's not closer to $8 today vs $6.87 now.
Should be an interesting earnings call.