Scotiabank Raises K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$9.50

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price upped by research analysts at Scotiabank from C$9.00 to C$9.50 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 18.90% from the stock’s previous close.

A number of other research analysts have also recently issued reports on KNT. Stifel Nicolaus raised their price objective on K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research note on Wednesday, August 14th. Eight Capital increased their price objective on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research note on Thursday. Cormark upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Finally, Canaccord Genuity Group upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.53.

K92 Mining Inc. (KNT.V) Price Performance

Shares of K92 Mining Inc. (KNT.V) stock remained flat at C$7.99 during trading on Thursday. 337,797 shares of the stock were exchanged, compared to its average volume of 1,128,356. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a 12 month low of C$1.55 and a 12 month high of C$8.50. The firm has a 50-day simple moving average of C$7.99 and a 200-day simple moving average of C$7.99. The company has a market cap of C$1.63 billion and a P/E 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.