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 raised by stock analysts at Royal Bank of Canada from C$14.00 to C$15.00 in a research note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 87.73% from the stock’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus set a C$17.50 price objective on shares of K92 Mining Inc. (KNT.V) and gave the company a “buy” rating in a report on Wednesday, March 19th. National Bankshares upped their price target on shares of K92 Mining Inc. (KNT.V) from C$11.75 to C$12.75 and gave the company a “sector perform” rating in a report on Wednesday, March 19th. Raymond James lifted their price objective on K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research note on Tuesday, January 7th. Finally, Scotiabank upped their target price on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research note on Wednesday, January 15th.

K92 Mining Inc. (KNT.V) Stock Performance

K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Friday. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 week high of C$8.50. The stock has a 50-day moving average price of C$7.99 and a 200 day moving average price of C$7.99. 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 company has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48.

Insider Activity at K92 Mining Inc. (KNT.V)

In other K92 Mining Inc. (KNT.V) news, Director Mark Price Eaton sold 29,198 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$8.60, for a total transaction of C$251,102.80. Also, Senior Officer Christopher James Muller sold 81,100 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of C$9.80, for a total value of C$794,780.00. In the last ninety days, insiders sold 233,079 shares of company stock valued at $2,328,827.

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.