Scotiabank Raises K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$9.50

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target boosted by Scotiabank from C$9.00 to C$9.50 in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Cormark boosted their price objective on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Stifel Nicolaus boosted their target price on K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research report on Wednesday, August 14th. Canaccord Genuity Group boosted their price target on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a report on Tuesday, July 23rd. Finally, Eight Capital upped their target price on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, K92 Mining Inc. (KNT.V) currently has a consensus rating of “Moderate Buy” and an average target price of C$11.53.

K92 Mining Inc. (KNT.V) Price Performance

Shares of K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Thursday. The stock’s 50-day simple moving average is C$7.99 and its 200-day simple moving average is C$7.99. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 week high of C$8.50. The company has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93.

K92 Mining Inc. (KNT.V) Company Profile

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.