K92 Mining Inc. (KNT.V) (CVE:KNT) Upgraded at Royal Bank of Canada

K92 Mining Inc. (KNT.V) (CVE:KNT) was upgraded by research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a C$10.00 price objective on the stock, up from their prior price objective of C$9.50. Royal Bank of Canada’s price target indicates a potential upside of 25.16% from the company’s previous close.

Several other brokerages have also recently weighed in on KNT. Stifel Nicolaus increased their price target on K92 Mining Inc. (KNT.V) from C$13.00 to C$14.00 in a research note on Tuesday, July 11th. Scotiabank decreased their target price on K92 Mining Inc. (KNT.V) from C$9.50 to C$8.50 in a research note on Monday, July 10th. Finally, Raymond James decreased their target price on K92 Mining Inc. (KNT.V) from C$9.50 to C$9.00 and set an “outperform” rating for the company in a research note on Friday, July 14th.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT stock remained flat at C$7.99 on Tuesday. The stock had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. The stock has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48. The company’s fifty day moving average price is C$7.99 and its 200-day moving average price is C$7.99. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. K92 Mining Inc. has a 12 month low of C$1.55 and a 12 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.