Royal Bank of Canada Forecasts Strong Price Appreciation for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price boosted by Royal Bank of Canada from C$12.00 to C$13.00 in a report issued on Friday,BayStreet.CA reports.

KNT has been the subject of several other research reports. Scotiabank raised their price target on shares of K92 Mining Inc. (KNT.V) from C$9.50 to C$10.00 in a research report on Thursday, November 21st. Eight Capital lifted their target price on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Stifel Nicolaus upped their price target on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a report on Monday, October 21st. BMO Capital Markets lifted their price objective on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a report on Tuesday, October 29th. Finally, Cormark boosted their target price on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research report on Friday, October 11th.

K92 Mining Inc. (KNT.V) Price Performance

CVE:KNT opened at C$7.99 on Friday. 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 P/E ratio of 32.48. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week high of C$8.50. The firm has a 50-day simple moving average of C$7.99 and a two-hundred day simple moving average of C$7.99.

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

In other K92 Mining Inc. (KNT.V) news, Senior Officer David Gregory Medilek sold 35,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$9.39, for a total transaction of C$328,678.00. Also, Director Mark Price Eaton sold 10,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$9.16, for a total value of C$91,600.00. Insiders have sold 129,698 shares of company stock worth $1,146,416 in the last quarter.

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.