K92 Mining Inc. (KNT.V) (CVE:KNT) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price hoisted by research analysts at Royal Bank of Canada from C$12.00 to C$13.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 62.70% from the company’s current price.

A number of other research firms have also recently commented on KNT. Eight Capital boosted their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Cormark increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research report on Friday, October 11th. Stifel Nicolaus upped their target price on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a report on Monday, October 21st. BMO Capital Markets raised their price objective on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research note on Tuesday, October 29th. Finally, Scotiabank upped their target price on K92 Mining Inc. (KNT.V) from C$9.50 to C$10.00 in a report on Thursday, November 21st.

K92 Mining Inc. (KNT.V) Price Performance

CVE:KNT remained flat at C$7.99 during mid-day trading on Friday. 337,797 shares of the company were exchanged, compared to its average volume of 1,128,356. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week high of C$8.50. The stock has a market capitalization 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. 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 news, insider L1 Capital Pty Ltd. sold 44,698 shares of K92 Mining Inc. (KNT.V) stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$7.82, for a total transaction of C$349,538.36. Also, Director Mark Price Eaton sold 40,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$9.42, for a total transaction of C$376,600.00. Over the last ninety days, insiders sold 94,698 shares of company stock valued at $817,738.

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.