Stifel Nicolaus Analysts Give K92 Mining Inc. (KNT.V) (CVE:KNT) a C$17.50 Price Target

Stifel Nicolaus set a C$17.50 price target on K92 Mining Inc. (KNT.V) (CVE:KNT) in a research note released on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

KNT has been the subject of several other reports. Scotiabank raised their price objective on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research note on Wednesday, January 15th. Royal Bank of Canada raised their price objective on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research note on Friday, December 6th. National Bankshares raised their price objective on K92 Mining Inc. (KNT.V) from C$11.75 to C$12.75 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Raymond James raised their price objective on K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research note on Tuesday, January 7th.

K92 Mining Inc. (KNT.V) Stock Performance

KNT opened at C$7.99 on Wednesday. The firm has a market cap of C$1.63 billion and a PE ratio of 32.48. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93. The business has a fifty day simple moving average of C$7.99 and a 200-day simple moving average of C$7.99. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week high of C$8.50.

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

In other news, Director Mark Price Eaton sold 29,198 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$8.60, for a total value of C$251,102.80. Also, Director Graham Wheelock sold 42,198 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of C$8.51, for a total value of C$359,189.38. Insiders sold a total of 241,196 shares of company stock valued at $2,273,694 over the last quarter.

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.