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

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price raised by Scotiabank from C$8.75 to C$9.00 in a research note released on Thursday, BayStreet.CA reports.

Several other research analysts have also recently weighed in on KNT. Stifel Nicolaus upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, April 3rd. National Bankshares lowered K92 Mining Inc. (KNT.V) from an outperform rating to a sector perform rating and increased their price objective for the company from C$9.00 to C$9.25 in a research note on Thursday, May 16th. Raymond James raised their price target on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research note on Tuesday, April 23rd. Canaccord Genuity Group raised their price target on K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a research note on Tuesday, April 23rd. Finally, Pi Financial raised their price objective on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, K92 Mining Inc. (KNT.V) has an average rating of Buy and an average target price of C$10.10.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE KNT opened at C$7.99 on Thursday. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. The company has a 50 day simple moving average of C$7.99 and a 200 day simple moving average of C$7.99. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50. The firm has a market cap of C$1.63 billion and a PE ratio of 32.48.

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

In related news, Senior Officer David Gregory Medilek sold 175,000 shares of K92 Mining Inc. (KNT.V) stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of C$7.48, for a total transaction of C$1,309,227.50. In other news, Senior Officer David Gregory Medilek sold 175,000 shares of K92 Mining Inc. (KNT.V) stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$7.48, for a total value of C$1,309,227.50. Also, 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. Insiders have sold 364,240 shares of company stock valued at $2,748,330 in the last ninety days.

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.