K92 Mining Inc. (KNT.V) (CVE:KNT) Receives C$10.45 Consensus Target Price from Brokerages

K92 Mining Inc. (KNT.V) (CVE:KNT) has been given a consensus rating of “Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$10.45.

KNT has been the topic of a number of recent research reports. Raymond James boosted their target price on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a report on Tuesday, April 23rd. Canaccord Genuity Group raised their target price on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research note on Tuesday, July 23rd. Stifel Nicolaus lifted their target price 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. Scotiabank raised their price objective on shares of K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a research report on Thursday, May 23rd. Finally, National Bankshares cut K92 Mining Inc. (KNT.V) from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$9.00 to C$9.25 in a research report on Thursday, May 16th.

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

In other K92 Mining Inc. (KNT.V) 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 transaction of C$1,725,075.00.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Friday. 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 stock has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. K92 Mining Inc. has a 12 month low of C$1.55 and a 12 month high of C$8.50. The firm’s fifty day simple moving average is C$7.99 and its 200-day simple moving average is C$7.99.

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.