Eight Capital Boosts K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$16.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price hoisted by Eight Capital from C$14.00 to C$16.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

KNT has been the topic of several other research reports. Stifel Nicolaus increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research note on Wednesday, August 14th. Canaccord Genuity Group increased their target price on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a report on Tuesday, July 23rd. Finally, Cormark increased their target price on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, K92 Mining Inc. (KNT.V) presently has an average rating of “Moderate Buy” and a consensus price target of C$11.53.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE KNT opened at C$7.99 on Thursday. The business’s 50 day moving average price is C$7.99 and its two-hundred day moving average price is C$7.99. The company has a market cap of C$1.63 billion and a PE ratio of 32.48. 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 twelve month low of C$1.55 and a twelve month high of C$8.50.

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.