K92 Mining Inc. (KNT.V) (CVE:KNT) Given New C$14.00 Price Target at Cormark

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective lifted by Cormark from C$12.50 to C$14.00 in a research report released on Friday morning, BayStreet.CA reports.

Other analysts also recently issued reports about the company. Canaccord Genuity Group upped their price objective on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus raised their price target on K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of C$10.97.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE:KNT opened at C$7.99 on Friday. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a 52-week low of C$1.55 and a 52-week high of C$8.50. The stock’s fifty day simple moving average is C$7.99 and its 200-day simple moving average is C$7.99. The company has a market capitalization of C$1.63 billion and a P/E ratio of 32.48.

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.