Brokerages Set K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target at C$10.64

Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$10.97.

Several equities analysts have recently weighed in on KNT shares. Stifel Nicolaus lifted their price objective on K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a report on Wednesday, August 14th. Cormark lifted their price objective on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th. Finally, Canaccord Genuity Group lifted their target price on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd.

K92 Mining Inc. (KNT.V) Stock Performance

CVE:KNT opened at C$7.99 on Thursday. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week high of C$8.50. 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 PE ratio of 32.48. The business’s 50-day simple moving average is C$7.99 and its 200-day simple moving average is C$7.99.

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.