K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$20.75

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target increased by Canaccord Genuity Group from C$18.75 to C$20.75 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other research firms also recently commented on KNT. TD Securities raised their price objective on K92 Mining Inc. (KNT.V) from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Royal Bank Of Canada raised their price target on shares of K92 Mining Inc. (KNT.V) from C$19.00 to C$22.00 in a report on Wednesday, September 10th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$16.15.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT opened at C$7.99 on Thursday. K92 Mining Inc. has a twelve month low of C$1.55 and a twelve month high of C$8.50. The firm has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. The stock’s fifty day simple moving average is C$7.99 and its 200 day simple moving average is C$7.99.

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.