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

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target lifted by research analysts at Raymond James from C$11.00 to C$12.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 50.19% from the stock’s previous close.

Several other brokerages also recently commented on KNT. BMO Capital Markets raised their target price on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a report on Tuesday, October 29th. Eight Capital raised their price objective on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday, October 17th. Stifel Nicolaus upped their target price on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research report on Monday, October 21st. Royal Bank of Canada boosted their price target on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research note on Friday, December 6th. Finally, Cormark lifted their target price on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th.

K92 Mining Inc. (KNT.V) Stock Performance

CVE KNT remained flat at C$7.99 during trading hours 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 simple moving average is C$7.99 and its two-hundred day simple moving average is C$7.99. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. 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 cap of C$1.63 billion and a PE ratio of 32.48.

Insider Buying and Selling

In other news, Director Saurabh Handa sold 21,459 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$9.63, for a total value of C$206,542.88. Also, Director Mark Price Eaton sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$9.42, for a total transaction of C$376,600.00. Insiders sold 154,557 shares of company stock valued at $1,439,744 over the last quarter.

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.