K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$36.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price lifted by Royal Bank Of Canada from C$32.00 to C$36.00 in a research note released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

KNT has been the subject of several other research reports. Desjardins set a C$26.00 target price on shares of K92 Mining Inc. (KNT.V) and gave the company a “buy” rating in a report on Friday, November 28th. Ventum Financial raised their price target on K92 Mining Inc. (KNT.V) from C$24.00 to C$29.00 and gave the stock a “buy” rating in a research report on Tuesday. Canaccord Genuity Group lifted their price objective on K92 Mining Inc. (KNT.V) from C$24.75 to C$25.50 and gave the company a “buy” rating in a research note on Tuesday. Finally, Raymond James Financial boosted their price objective on K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a report on Friday, October 10th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, K92 Mining Inc. (KNT.V) currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.41.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE KNT opened at C$7.99 on Tuesday. The company has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. 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 company has a 50 day simple moving average of C$7.99 and a 200-day simple moving average of C$7.99. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50.

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.