Royal Bank Of Canada Forecasts Strong Price Appreciation for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNTGet Free Report) had its target price upped by equities researchers at Royal Bank Of Canada from C$26.00 to C$32.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s target price would indicate a potential upside of 300.50% from the company’s previous close.

Other research analysts have also issued reports about the company. Raymond James Financial raised their price objective on K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a research report on Friday, October 10th. Canaccord Genuity Group increased their target price on K92 Mining Inc. (KNT.V) from C$18.75 to C$20.75 in a research note on Thursday, October 2nd. Finally, Desjardins set a C$26.00 target price on K92 Mining Inc. (KNT.V) and gave the company a “buy” rating in a report on Friday, November 28th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, K92 Mining Inc. (KNT.V) presently has an average rating of “Moderate Buy” and an average target price of C$20.06.

Read Our Latest Analysis on KNT

K92 Mining Inc. (KNT.V) Price Performance

Shares of KNT stock remained flat at C$7.99 during mid-day trading on Wednesday. 337,797 shares of the stock were exchanged, compared to its average volume of 1,128,356. 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 fifty-two week low of C$1.55 and a fifty-two week high of C$8.50. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. The stock has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48.

About K92 Mining Inc. (KNT.V)

(Get Free Report)

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.

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Analyst Recommendations for K92 Mining Inc. (KNT.V) (CVE:KNT)

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