Raymond James Increases K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$9.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price increased by Raymond James from C$8.25 to C$9.00 in a report issued on Tuesday, BayStreet.CA reports.

A number of other brokerages have also recently weighed in on KNT. Stifel Nicolaus increased their price target on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research note on Wednesday, April 3rd. National Bankshares decreased their price target on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research note on Monday, February 26th. Finally, Pi Financial upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research report on Wednesday, March 6th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, K92 Mining Inc. (KNT.V) has a consensus rating of Buy and an average target price of C$9.98.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE:KNT opened at C$7.99 on Tuesday. The stock has a market cap of C$1.63 billion and a P/E ratio of 32.48. The firm has a fifty day moving average price of C$7.99 and a 200 day moving average price of C$7.99. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. K92 Mining Inc. has a 1-year low of C$1.55 and a 1-year high of C$8.50.

Insiders Place Their Bets

In other news, Director Saurabh Handa sold 89,240 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of C$7.51, for a total value of C$670,192.40.

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.