Raymond James Forecasts Strong Price Appreciation for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target hoisted by Raymond James from C$11.00 to C$12.00 in a report released on Tuesday,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on KNT. Eight Capital upped their target price on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Cormark upped their price objective on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. BMO Capital Markets lifted their target price on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research note on Tuesday, October 29th. Stifel Nicolaus increased their price target on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research note on Monday, October 21st. Finally, Royal Bank of Canada lifted their price objective 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) Stock Performance

CVE KNT opened at C$7.99 on Tuesday. The firm has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. 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 firm’s fifty day moving average price is C$7.99 and its two-hundred day moving average price is C$7.99. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50.

Insider Transactions at K92 Mining Inc. (KNT.V)

In other news, Director Mark Price Eaton sold 29,198 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$8.60, for a total value of C$251,102.80. Also, Senior Officer David Gregory Medilek sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$9.39, for a total transaction of C$328,678.00. Over the last quarter, insiders have sold 154,557 shares of company stock worth $1,439,744.

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.