K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$26.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target raised by Royal Bank Of Canada from C$22.00 to C$26.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

Several other research analysts have also recently commented on the company. Canaccord Genuity Group boosted their target price on K92 Mining Inc. (KNT.V) from C$18.75 to C$20.75 in a research note on Thursday, October 2nd. Raymond James Financial lifted their price objective on K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, K92 Mining Inc. (KNT.V) presently has a consensus rating of “Moderate Buy” and an average price target of C$18.36.

K92 Mining Inc. (KNT.V) Price Performance

Shares of KNT opened at C$7.99 on Tuesday. The stock has a market capitalization of C$1.63 billion and a PE ratio of 32.48. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50. 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 50-day simple moving average is C$7.99 and its 200-day simple moving average is C$7.99.

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.