K92 Mining Inc. (KNT.V) (CVE:KNT) Given Average Recommendation of “Buy” by Brokerages

K92 Mining Inc. (KNT.V) (CVE:KNT) has received an average rating of “Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$10.38.

KNT has been the topic of several recent research reports. Scotiabank boosted their price target on K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a research report on Thursday, May 23rd. Raymond James boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research report on Tuesday, April 23rd. Stifel Nicolaus raised their price target on shares of K92 Mining Inc. (KNT.V) from C$11.50 to C$13.75 and gave the company a “buy” rating in a report on Friday. National Bankshares lowered shares of K92 Mining Inc. (KNT.V) from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$9.00 to C$9.25 in a report on Thursday, May 16th. Finally, Pi Financial raised their target price on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research note on Wednesday, March 6th.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE KNT opened at C$7.99 on Tuesday. The stock has a fifty 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. The company has a market cap of C$1.63 billion and a P/E ratio of 32.48.

Insider Buying and Selling at K92 Mining Inc. (KNT.V)

In other news, Senior Officer Nancy Carol La Couvee sold 100,000 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of C$7.69, for a total value of C$768,910.00. In other news, Senior Officer Nancy Carol La Couvee sold 100,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of C$7.69, for a total transaction of C$768,910.00. Also, Senior Officer David Gregory Medilek sold 175,000 shares of K92 Mining Inc. (KNT.V) stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of C$7.48, for a total transaction of C$1,309,227.50. In the last 90 days, insiders have sold 589,240 shares of company stock valued at $4,473,405.

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.