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

K92 Mining Inc. (KNT.V) (CVE:KNT) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$10.97.

Several research analysts have commented on KNT shares. Canaccord Genuity Group lifted their price target on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus increased their price target on shares of K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research note on Wednesday, August 14th. Finally, Cormark upped their target price on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday.

K92 Mining Inc. (KNT.V) Price Performance

KNT stock opened at C$7.99 on Thursday. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. The company’s 50 day moving average is C$7.99 and its two-hundred day moving average is C$7.99. The stock has a market cap of C$1.63 billion and a P/E ratio of 32.48. K92 Mining Inc. has a twelve month low of C$1.55 and a twelve month high of C$8.50.

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.