K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$32.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target hoisted by Royal Bank Of Canada from C$26.00 to C$32.00 in a research report released on Wednesday morning,BayStreet.CA reports.

Several other research firms have also issued reports on KNT. Desjardins set a C$26.00 price objective on K92 Mining Inc. (KNT.V) and gave the stock a “buy” rating in a research note on Friday, November 28th. Canaccord Genuity Group increased their target price on shares of K92 Mining Inc. (KNT.V) from C$18.75 to C$20.75 in a research report on Thursday, October 2nd. Finally, Raymond James Financial lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a report on Friday, October 10th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$20.06.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT opened at C$7.99 on Wednesday. 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 has a market cap 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 stock has a 50 day simple moving average of C$7.99 and a 200-day simple moving average of 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.