K92 Mining Inc. (KNT.V) (CVE:KNT) Receives C$10.64 Average Price Target from Brokerages

K92 Mining Inc. (KNT.V) (CVE:KNT) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$10.64.

KNT has been the subject of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a report on Tuesday, July 23rd. Scotiabank boosted their price target on K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a research note on Thursday, May 23rd. Finally, Stifel Nicolaus increased their price objective on K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research report on Wednesday, August 14th.

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

In related news, Director Cyndi Dianna Laval sold 225,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$7.67, for a total value of C$1,725,075.00.

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.

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.