K92 Mining Inc. (KNT.V) (CVE:KNT) PT Raised to C$13.75 at Stifel Nicolaus

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective hoisted by equities researchers at Stifel Nicolaus from C$11.50 to C$13.75 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 72.09% from the company’s current price.

Several other analysts have also issued reports on the stock. Raymond James boosted their price target on shares of K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research report on Tuesday, April 23rd. Canaccord Genuity Group boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a research note on Tuesday, April 23rd. Pi Financial boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research note on Wednesday, March 6th. National Bankshares cut shares of K92 Mining Inc. (KNT.V) from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$9.00 to C$9.25 in a research note on Thursday, May 16th. Finally, Scotiabank boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$10.38.

K92 Mining Inc. (KNT.V) Stock Performance

CVE KNT opened at C$7.99 on Friday. The company’s 50 day moving average is C$7.99 and its 200-day moving average is C$7.99. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month high of C$8.50. 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 firm has a market cap of C$1.63 billion and a P/E ratio of 32.48.

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

In related news, Director Saurabh Handa sold 89,240 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of C$7.51, for a total transaction of C$670,192.40. In other K92 Mining Inc. (KNT.V) news, Senior Officer Nancy Carol La Couvee sold 100,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of C$7.69, for a total value of C$768,910.00. Also, Director Saurabh Handa sold 89,240 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of C$7.51, for a total transaction of C$670,192.40. Insiders sold 589,240 shares of company stock worth $4,473,405 in 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.