K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$14.00 at Cormark

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective raised by stock analysts at Cormark from C$12.50 to C$14.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Cormark’s price objective points to a potential upside of 75.22% from the company’s previous close.

Other research analysts also recently issued reports about the company. Stifel Nicolaus boosted their price objective on K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research note on Wednesday, August 14th. Canaccord Genuity Group boosted their price objective on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, K92 Mining Inc. (KNT.V) currently has a consensus rating of “Buy” and an average target price of C$10.97.

K92 Mining Inc. (KNT.V) Price Performance

CVE KNT opened at C$7.99 on Friday. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 week high of C$8.50. The firm has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. 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 company has a 50-day moving average price of C$7.99 and a 200-day moving average price of C$7.99.

K92 Mining Inc. (KNT.V) Company Profile

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.