K92 Mining Inc. (KNT.V) (CVE:KNT) Receives C$10.64 Consensus PT from Brokerages

Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$10.64.

A number of analysts have commented on the stock. Canaccord Genuity Group upped their price target on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus upped their price target on shares of K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research report on Wednesday, August 14th.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Friday. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a twelve month low of C$1.55 and a twelve month high of C$8.50. The stock has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48. The company’s fifty day moving average is C$7.99 and its 200 day moving average is C$7.99.

About K92 Mining Inc. (KNT.V)

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.