K92 Mining Inc. (KNT.V) (CVE:KNT) Given a C$17.50 Price Target at Stifel Nicolaus

Stifel Nicolaus set a C$17.50 price objective on K92 Mining Inc. (KNT.V) (CVE:KNT) in a report published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently commented on KNT. Scotiabank increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research note on Wednesday, January 15th. Raymond James increased their price target on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research report on Tuesday, January 7th. Royal Bank of Canada lifted their price objective on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research report on Friday, December 6th. Finally, National Bankshares upped their target price on K92 Mining Inc. (KNT.V) from C$11.75 to C$12.75 and gave the company a “sector perform” rating in a research note on Wednesday.

K92 Mining Inc. (KNT.V) Price Performance

KNT opened at C$7.99 on Wednesday. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. The company has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48. K92 Mining Inc. has a one year low of C$1.55 and a one year high of C$8.50. The business’s fifty day moving average is C$7.99 and its two-hundred day moving average is C$7.99.

Insider Buying and Selling

In related news, Director Mark Price Eaton sold 29,198 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$8.60, for a total transaction of C$251,102.80. Also, Director John Lewins sold 68,700 shares of K92 Mining Inc. (KNT.V) stock in a transaction dated Friday, January 31st. The shares were sold at an average price of C$9.79, for a total value of C$672,421.86. Over the last 90 days, insiders have sold 241,196 shares of company stock worth $2,273,694.

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.