K92 Mining Inc. (KNT.V) (CVE:KNT) Given Average Rating of “Moderate Buy” by Analysts

K92 Mining Inc. (KNT.V) (CVE:KNT) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$10.97.

Several analysts recently issued reports on KNT shares. Stifel Nicolaus raised their price target on K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a report on Wednesday, August 14th. 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. Finally, Cormark lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research report on Friday.

K92 Mining Inc. (KNT.V) Price Performance

KNT opened at C$7.99 on Thursday. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93. The company’s 50-day moving average price is C$7.99 and its 200 day moving average price is C$7.99. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week high of C$8.50. The firm has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48.

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.