K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$16.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price raised by Eight Capital from C$14.00 to C$16.00 in a research report released on Thursday, BayStreet.CA reports.

KNT has been the subject of several other reports. Cormark lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th. Canaccord Genuity Group upped their target price on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd. Finally, Stifel Nicolaus boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, K92 Mining Inc. (KNT.V) has an average rating of “Moderate Buy” and a consensus target price of C$11.53.

K92 Mining Inc. (KNT.V) Price Performance

KNT stock opened at C$7.99 on Thursday. K92 Mining Inc. has a 52-week low of C$1.55 and a 52-week high of C$8.50. The stock has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. The company has a 50-day moving average of C$7.99 and a two-hundred day moving average of C$7.99. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43.

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.