Canaccord Genuity Group Boosts K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$9.25

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price hoisted by stock analysts at Canaccord Genuity Group from C$8.50 to C$9.25 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 15.77% from the company’s previous close.

KNT has been the topic of several other research reports. Pi Financial boosted their price target on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research report on Wednesday, March 6th. Stifel Nicolaus boosted their price target on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, April 3rd. National Bankshares lowered their price target on K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research report on Monday, February 26th. Finally, Raymond James boosted their price target on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research report on Tuesday. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, K92 Mining Inc. (KNT.V) presently has an average rating of “Buy” and an average target price of C$9.98.

K92 Mining Inc. (KNT.V) Stock Performance

CVE KNT remained flat at C$7.99 during trading on Tuesday. The company’s stock had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. The firm has a market cap of C$1.63 billion and a P/E ratio of 32.48. The company has a 50 day moving average price of C$7.99 and a 200-day moving average price 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. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month high of C$8.50.

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.