Haywood Securities Raises K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$11.00

K92 Mining Inc. (KNT.V) (CVE:KNTGet Rating) had its price target raised by Haywood Securities from C$10.00 to C$11.00 in a report issued on Thursday, BayStreet.CA reports.

Several other equities research analysts also recently weighed in on KNT. Canaccord Genuity Group upped their price target on K92 Mining Inc. (KNT.V) from C$11.50 to C$12.00 in a report on Thursday, May 26th. Scotiabank dropped their price objective on K92 Mining Inc. (KNT.V) from C$10.50 to C$10.00 in a report on Tuesday, September 13th. TD Securities dropped their price objective on K92 Mining Inc. (KNT.V) from C$12.00 to C$11.50 and set a buy rating on the stock in a report on Tuesday, September 13th. National Bankshares increased their price objective on K92 Mining Inc. (KNT.V) from C$10.50 to C$10.75 and gave the company an outperform rating in a report on Wednesday, August 17th. Finally, Eight Capital upped their target price on K92 Mining Inc. (KNT.V) from C$12.00 to C$12.80 in a research report on Thursday, August 11th.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE KNT opened at C$7.99 on Thursday. The stock’s 50-day moving average is C$7.99 and its two-hundred day moving average is C$7.99. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. K92 Mining Inc. has a 1-year low of C$1.55 and a 1-year high of C$8.50. The company has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48.

Insiders Place Their Bets

In related news, Director Nan H. Lee acquired 4,000 shares of the firm’s stock in a transaction on Thursday, June 30th. The stock was bought at an average cost of C$7.95 per share, with a total value of C$31,800.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at C$31,800.

K92 Mining Inc. (KNT.V) Company Profile

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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.

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