K92 Mining (TSE:KNT) Rating Increased to Strong-Buy at Stifel Canada

K92 Mining (TSE:KNT) was upgraded by equities researchers at Stifel Canada to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, TD Securities upgraded K92 Mining to a “strong-buy” rating in a research note on Tuesday, February 4th.

K92 Mining Stock Performance

Shares of KNT stock opened at C$12.06 on Wednesday. K92 Mining has a 1-year low of C$6.15 and a 1-year high of C$12.11. The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66. The company has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 26.56 and a beta of 1.07. The stock’s fifty day simple moving average is C$10.12 and its 200-day simple moving average is C$9.20.

About K92 Mining

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. The company's mineral properties include the Kainantu gold mine project that covers an area of approximately 836 square kilometers located in the Eastern Highlands province of Papua New Guinea; and the Blue Lake gold-copper porphyry deposit located in the southwest of the Kora and Judd intrusion.