K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$12.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price hoisted by Raymond James from C$11.00 to C$12.00 in a report released on Tuesday morning,BayStreet.CA reports.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus upped their target price on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research report on Monday, October 21st. BMO Capital Markets increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a report on Tuesday, October 29th. Eight Capital lifted their target price on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Cormark increased their price target on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Finally, Scotiabank lifted their price objective on K92 Mining Inc. (KNT.V) from C$9.50 to C$10.00 in a research note on Thursday, November 21st.

K92 Mining Inc. (KNT.V) Stock Performance

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

Insider Transactions at K92 Mining Inc. (KNT.V)

In related news, Senior Officer David Gregory Medilek sold 35,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$9.39, for a total value of C$328,678.00. Also, Director Mark Price Eaton sold 10,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$9.16, for a total value of C$91,600.00. Insiders have sold a total of 154,557 shares of company stock valued at $1,439,744 over the last three months.

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.