K92 Mining Inc. (KNT.V) (CVE:KNT) Given Average Rating of “Moderate Buy” by Analysts

K92 Mining Inc. (KNT.V) (CVE:KNT) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$22.03.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group lifted their price target on K92 Mining Inc. (KNT.V) from C$24.75 to C$25.50 and gave the company a “buy” rating in a report on Tuesday. Royal Bank Of Canada lifted their target price on K92 Mining Inc. (KNT.V) from C$32.00 to C$36.00 and gave the company an “outperform” rating in a research note on Tuesday. Desjardins set a C$26.00 price target on K92 Mining Inc. (KNT.V) and gave the stock a “buy” rating in a research report on Friday, November 28th. Raymond James Financial raised their price target on K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a report on Friday, October 10th. Finally, Ventum Financial upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$24.00 to C$29.00 and gave the stock a “buy” rating in a report on Tuesday.

K92 Mining Inc. (KNT.V) Stock Performance

K92 Mining Inc. (KNT.V) stock remained flat at C$7.99 during midday trading on Tuesday. The company had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. The business’s 50 day moving average is C$7.99 and its two-hundred day moving average is C$7.99. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50. The company has a market capitalization of C$1.63 billion and a PE ratio of 32.48. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25.

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.