Ventum Financial Issues Positive Forecast for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock Price

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target boosted by equities research analysts at Ventum Financial from C$24.00 to C$29.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s price target suggests a potential upside of 262.95% from the stock’s current price.

Several other research firms also recently commented on KNT. Canaccord Genuity Group raised their price objective on shares of K92 Mining Inc. (KNT.V) from C$24.75 to C$25.50 and gave the stock a “buy” rating in a report on Tuesday. Raymond James Financial increased their target price on K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a research report on Friday, October 10th. Royal Bank Of Canada lifted their price target on K92 Mining Inc. (KNT.V) from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. Finally, Desjardins set a C$26.00 price objective on K92 Mining Inc. (KNT.V) and gave the stock a “buy” rating in a report on Friday, November 28th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$22.03.

K92 Mining Inc. (KNT.V) Stock Performance

CVE KNT remained flat at C$7.99 during trading on Tuesday. 337,797 shares of the company’s stock traded hands, compared to its average volume of 1,128,356. The company has a quick ratio of 2.43, a current ratio of 3.25 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. K92 Mining Inc. has a 1-year low of C$1.55 and a 1-year high of C$8.50. The business’s 50-day simple moving average is C$7.99 and its 200 day simple moving average is C$7.99.

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.