Cormark Raises K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$14.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective upped by Cormark from C$12.50 to C$14.00 in a research note released on Friday, BayStreet.CA reports.

KNT has been the topic of several other reports. Stifel Nicolaus lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a report on Wednesday, August 14th. Canaccord Genuity Group boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$10.97.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of CVE KNT opened at C$7.99 on Friday. The company’s 50 day simple moving average is C$7.99 and its 200 day simple moving average is C$7.99. The firm has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week 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.