K92 Mining Inc. (KNT.V) (CVE:KNT) Given a C$17.50 Price Target by Stifel Nicolaus Analysts

K92 Mining Inc. (KNT.V) (CVE:KNT) received a C$17.50 price target from Stifel Nicolaus in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 119.02% from the company’s current price.

A number of other brokerages have also recently commented on KNT. National Bankshares increased their price target on shares of K92 Mining Inc. (KNT.V) from C$11.75 to C$12.75 and gave the company a “sector perform” rating in a research report on Wednesday. Scotiabank increased their price target on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, January 15th. Raymond James increased their price target on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada increased their price target on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research report on Friday, December 6th.

K92 Mining Inc. (KNT.V) Price Performance

CVE KNT remained flat at C$7.99 on Wednesday. 337,797 shares of the company’s stock were exchanged, compared to its average volume of 1,128,356. K92 Mining Inc. has a twelve month low of C$1.55 and a twelve month high of C$8.50. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. The stock has a 50 day moving average price of C$7.99 and a 200-day moving average price of C$7.99. The firm has a market cap of C$1.63 billion and a PE ratio of 32.48.

Insider Buying and Selling

In other news, Senior Officer Nancy Carol La Couvee sold 20,000 shares of K92 Mining Inc. (KNT.V) stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$9.81, for a total value of C$196,200.00. Also, Senior Officer Christopher James Muller sold 81,100 shares of K92 Mining Inc. (KNT.V) stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$9.80, for a total value of C$794,780.00. Insiders sold 241,196 shares of company stock valued at $2,273,694 over the last quarter.

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.