Brokerages Set K92 Mining Inc. (KNT.V) (CVE:KNT) Target Price at C$9.97

K92 Mining Inc. (KNT.V) (CVE:KNT) has been given an average rating of “Buy” by the eight analysts that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$9.97.

A number of equities research analysts recently issued reports on the stock. Raymond James lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$7.75 to C$8.25 in a research note on Friday, January 12th. Stifel Nicolaus lifted their target price on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, April 3rd. National Bankshares cut their target price on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research note on Monday, February 26th. Finally, Pi Financial raised their price target on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research note on Wednesday, March 6th.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of CVE KNT opened at C$7.99 on Thursday. The company has a market capitalization of C$1.63 billion and a PE ratio of 32.48. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. The company’s fifty day moving average price is C$7.99 and its 200 day moving average price is C$7.99. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50.

About K92 Mining Inc. (KNT.V)

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.