Analysts Set K92 Mining Inc. (KNT.V) (CVE:KNT) Target Price at C$10.38

Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) have received a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$10.38.

A number of equities research analysts recently commented on KNT shares. Raymond James increased their price target on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research report on Tuesday, April 23rd. Stifel Nicolaus increased their price target on K92 Mining Inc. (KNT.V) from C$11.50 to C$13.75 and gave the stock a “buy” rating in a research report on Friday, June 28th. Scotiabank upped their price objective on K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a report on Thursday, May 23rd. National Bankshares downgraded K92 Mining Inc. (KNT.V) from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$9.00 to C$9.25 in a report on Thursday, May 16th. Finally, Canaccord Genuity Group upped their price objective on K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a report on Tuesday, April 23rd.

K92 Mining Inc. (KNT.V) Price Performance

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

Insider Activity

In other news, Director Cyndi Dianna Laval sold 225,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$7.67, for a total value of C$1,725,075.00. In other K92 Mining Inc. (KNT.V) news, Director Cyndi Dianna Laval sold 225,000 shares of K92 Mining Inc. (KNT.V) stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$7.67, for a total transaction of C$1,725,075.00. Also, Senior Officer David Gregory Medilek sold 175,000 shares of K92 Mining Inc. (KNT.V) stock in a transaction dated 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. Insiders have sold a total of 589,240 shares of company stock valued at $4,473,405 in the last 90 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.