K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$25.50

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective boosted by stock analysts at Canaccord Genuity Group from C$24.75 to C$25.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 219.15% from the stock’s current price.

KNT has been the topic of a number of other research reports. Raymond James Financial upped their price target on K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a research report on Friday, October 10th. Royal Bank Of Canada upped their target price on K92 Mining Inc. (KNT.V) from C$26.00 to C$32.00 in a report on Wednesday, December 10th. Finally, Desjardins set a C$26.00 price target on shares of K92 Mining Inc. (KNT.V) and gave the stock a “buy” rating in a research report on Friday, November 28th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$22.03.

K92 Mining Inc. (KNT.V) Price Performance

Shares of KNT stock remained flat at C$7.99 during trading hours on Tuesday. 337,797 shares of the stock traded hands, compared to its average volume of 1,128,356. The stock has a market cap of C$1.63 billion and a PE ratio of 32.48. The firm 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 current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month 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.