Scotiabank Raises K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$9.50

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective boosted by Scotiabank from C$9.00 to C$9.50 in a research note released on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on KNT. Cormark lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th. Stifel Nicolaus boosted their price target on K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research report on Wednesday, August 14th. Canaccord Genuity Group raised their price objective on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research note on Tuesday, July 23rd. Finally, Eight Capital boosted their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research note on Thursday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$11.53.

K92 Mining Inc. (KNT.V) Stock Performance

CVE:KNT opened at C$7.99 on Thursday. 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 company has a fifty day moving average of C$7.99 and a 200 day moving average of C$7.99. The firm has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 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.