Scotiabank Forecasts Strong Price Appreciation for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price hoisted by Scotiabank from C$9.50 to C$10.00 in a report released on Thursday morning,BayStreet.CA reports.

Several other analysts have also recently commented on the stock. BMO Capital Markets upped their target price on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research report on Tuesday, October 29th. Eight Capital upped their target price on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday, October 17th. Stifel Nicolaus upped their target price on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research report on Monday, October 21st. Finally, Cormark upped their target price on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research report on Friday, October 11th.

K92 Mining Inc. (KNT.V) Price Performance

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

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

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

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.