BMO Capital Markets Issues Positive Forecast for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock Price

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective hoisted by BMO Capital Markets from C$12.00 to C$14.00 in a report issued on Tuesday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on the company. Eight Capital lifted their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Stifel Nicolaus lifted their target price on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research note on Monday, October 21st. Cormark increased their price target on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Scotiabank increased their price target on shares of K92 Mining Inc. (KNT.V) from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group increased their price target on shares of 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 and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$11.80.

K92 Mining Inc. (KNT.V) Price Performance

KNT opened at C$7.99 on Tuesday. The stock has a fifty day moving average price of C$7.99 and a 200 day moving average price of C$7.99. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50. The stock has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48.

Insider Buying and Selling

In related news, insider L1 Capital Pty Ltd. sold 44,698 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$7.82, for a total transaction of C$349,538.36.

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.