K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$15.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target increased by Stifel Nicolaus from C$14.25 to C$15.00 in a report issued on Wednesday, BayStreet.CA reports.

KNT has been the subject of a number of other research reports. Scotiabank boosted their target price on K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a report on Thursday, May 23rd. Canaccord Genuity Group boosted their target price on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a report on Tuesday, July 23rd. National Bankshares cut K92 Mining Inc. (KNT.V) from an outperform rating to a sector perform rating and boosted their target price for the stock from C$9.00 to C$9.25 in a report on Thursday, May 16th. Finally, Raymond James boosted their target price on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, K92 Mining Inc. (KNT.V) presently has a consensus rating of Buy and a consensus price target of C$10.58.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE:KNT opened at C$7.99 on Wednesday. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50. The stock has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. The stock has a 50-day simple moving average of C$7.99 and a 200-day simple moving average of C$7.99.

Insiders Place Their Bets

In other K92 Mining Inc. (KNT.V) news, Director Cyndi Dianna Laval sold 225,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$7.67, for a total value of C$1,725,075.00.

K92 Mining Inc. (KNT.V) Company Profile

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. The company is headquartered in Vancouver, Canada.