K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$15.00 at Royal Bank of Canada

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target hoisted by Royal Bank of Canada from C$14.00 to C$15.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 87.73% from the company’s previous close.

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

K92 Mining Inc. (KNT.V) Price Performance

K92 Mining Inc. (KNT.V) stock remained flat at C$7.99 during midday trading on Friday. 337,797 shares of the company were exchanged, compared to its average volume of 1,128,356. 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 firm has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48. The firm has a fifty day moving average of C$7.99 and a two-hundred day moving average of C$7.99.

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

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

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.