K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$9.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective hoisted by Raymond James from C$8.25 to C$9.00 in a research note released on Tuesday morning, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. Pi Financial raised their target price on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a report on Wednesday, March 6th. Stifel Nicolaus raised their target price on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a report on Wednesday, April 3rd. Finally, National Bankshares reduced their target price on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a report on Monday, February 26th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of C$9.98.

K92 Mining Inc. (KNT.V) Stock Performance

CVE KNT opened at C$7.99 on Tuesday. 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 company has a fifty day simple moving average of C$7.99 and a two-hundred day simple moving average of C$7.99. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month high of C$8.50. The stock has a market cap of C$1.63 billion and a P/E ratio of 32.48.

Insider Buying and Selling at K92 Mining Inc. (KNT.V)

In other K92 Mining Inc. (KNT.V) news, Director Saurabh Handa sold 89,240 shares of K92 Mining Inc. (KNT.V) stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of C$7.51, for a total value of C$670,192.40.

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.