Canaccord Genuity Group Boosts K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$10.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective hoisted by Canaccord Genuity Group from C$9.25 to C$10.00 in a report released on Tuesday morning, BayStreet.CA reports.

KNT has been the topic of a number of other research reports. 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. Raymond James upped their target price on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a report on Tuesday, April 23rd. Stifel Nicolaus upped their price target on shares of K92 Mining Inc. (KNT.V) from C$11.50 to C$13.75 and gave the company a buy rating in a report on Friday, June 28th. Finally, National Bankshares cut K92 Mining Inc. (KNT.V) from an outperform rating to a sector perform rating and increased their target price for the company from C$9.00 to C$9.25 in a report on Thursday, May 16th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Buy and an average price target of C$10.45.

K92 Mining Inc. (KNT.V) Price Performance

K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Tuesday. The stock has a market capitalization of C$1.63 billion and a PE ratio of 32.48. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. K92 Mining Inc. has a 12 month low of C$1.55 and a 12 month high of C$8.50. The business has a 50 day simple moving average of C$7.99 and a 200-day simple moving average of C$7.99.

Insider Activity

In other K92 Mining Inc. (KNT.V) news, Director Cyndi Dianna Laval sold 225,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$7.67, for a total transaction of C$1,725,075.00.

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.