K92 Mining Inc. (KNT.V) (CVE:KNT) Given Average Recommendation of “Buy” by Brokerages

Posted by Jessica Moore on Apr 25th, 2024

Shares of K92 Mining Inc. (KNT.V) (CVE:KNT – Get Free Report) have earned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$9.98.

A number of research firms recently commented on KNT. National Bankshares lowered their price target on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a report on Monday, February 26th. Stifel Nicolaus lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research note on Wednesday, April 3rd. Canaccord Genuity Group lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a research note on Tuesday. Pi Financial lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research note on Wednesday, March 6th. Finally, Raymond James lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research note on Tuesday.

Get Our Latest Stock Analysis on KNT

K92 Mining Inc. (KNT.V) Stock Performance

CVE:KNT opened at C$7.99 on Thursday. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. The stock has a market capitalization of C$1.63 billion and a PE ratio of 32.48. The firm’s 50 day moving average is C$7.99 and its 200 day 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.

About K92 Mining Inc. (KNT.V)

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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.