Canaccord Genuity Boosts K92 Mining (CVE:KNT) Price Target to C$8.75

K92 Mining (CVE:KNT) had its price target lifted by Canaccord Genuity from C$6.75 to C$8.75 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. Raymond James boosted their price target on shares of K92 Mining from C$6.00 to C$7.00 and gave the company an outperform rating in a report on Tuesday, July 28th. Scotiabank boosted their price target on shares of K92 Mining from C$6.50 to C$7.75 in a report on Tuesday, July 28th. BMO Capital Markets set a C$6.00 price target on shares of K92 Mining and gave the company an outperform rating in a report on Friday, July 17th. Pi Financial upped their target price on shares of K92 Mining from C$6.70 to C$8.25 and gave the stock a buy rating in a research note on Tuesday, July 28th. Finally, Haywood Securities upped their target price on shares of K92 Mining from C$5.40 to C$6.15 in a research note on Thursday, July 9th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. K92 Mining has an average rating of Buy and an average price target of C$7.20.

K92 Mining has a fifty-two week low of C$1.55 and a fifty-two week high of C$5.73. The firm has a market cap of $955.65 million and a price-to-earnings ratio of 31.62. The company has a quick ratio of 1.63, a current ratio of 2.35 and a debt-to-equity ratio of 9.46. The company has a 50-day moving average price of C$3.97 and a two-hundred day moving average price of C$3.58.

K92 Mining (CVE:KNT) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.03). The firm had revenue of C$37.10 million for the quarter.

In related news, Director John Stalker sold 120,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$4.05, for a total value of C$485,760.00. Following the completion of the transaction, the director now directly owns 710,850 shares of the company’s stock, valued at approximately C$2,877,520.80.

K92 Mining Company Profile

K92 Mining Inc engages in the exploration, development, and mining of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver concentrates. Its principal property is the Kainantu gold mine that includes the Irumafimpa and Kora deposits covering an area of approximately 410 square kilometers located in the Eastern Highlands province.

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Analyst Recommendations for K92 Mining (CVE:KNT)

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