K92 Mining Inc. (KNT.V) (CVE:KNT) Given Average Rating of “Moderate Buy” by Brokerages

K92 Mining Inc. (KNT.V) (CVE:KNTGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$11.80.

A number of research firms recently issued reports on KNT. Canaccord Genuity Group raised their price target on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a report on Tuesday, July 23rd. Cormark lifted their target price on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Eight Capital upped their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research note on Thursday, October 17th. Scotiabank increased their price target on K92 Mining Inc. (KNT.V) from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, BMO Capital Markets boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research note on Tuesday, October 29th.

Read Our Latest Research Report on KNT

Insider Buying and Selling

In other K92 Mining Inc. (KNT.V) news, insider L1 Capital Pty Ltd. sold 44,698 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of C$7.82, for a total value of C$349,538.36.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE KNT opened at C$7.99 on Monday. 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. The stock has a 50 day moving average of C$7.99 and a two-hundred day moving average of C$7.99. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93.

K92 Mining Inc. (KNT.V) Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for K92 Mining Inc. (KNT.V) (CVE:KNT)

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