Scotiabank Boosts K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$9.50

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target lifted by Scotiabank from C$9.00 to C$9.50 in a research report released on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on KNT. Eight Capital raised their target price on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research note on Thursday. Stifel Nicolaus raised their price target on shares of K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research report on Wednesday, August 14th. Cormark boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th. Finally, Canaccord Genuity Group raised their target price on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$11.53.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT stock opened at C$7.99 on Thursday. The company’s fifty day simple moving average is C$7.99 and its 200-day simple 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 PE ratio of 32.48.

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.