K92 Mining Inc. (KNT.V) (CVE:KNT – Get Free Report) 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
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.
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