Raymond James Forecasts Strong Price Appreciation for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective increased by Raymond James from C$11.00 to C$12.00 in a research report issued on Tuesday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 50.19% from the company’s current price.

A number of other research analysts have also commented on the stock. Royal Bank of Canada lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research note on Friday, December 6th. Stifel Nicolaus upped their price target on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research note on Monday, October 21st. Eight Capital lifted 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. Scotiabank increased their price target on shares of K92 Mining Inc. (KNT.V) from C$9.50 to C$10.00 in a report on Thursday, November 21st. Finally, BMO Capital Markets boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research note on Tuesday, October 29th.

K92 Mining Inc. (KNT.V) Price Performance

Shares of KNT stock remained flat at C$7.99 during trading hours on Tuesday. The stock had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. The stock has a fifty day moving average price of C$7.99 and a 200 day moving average price of C$7.99. The company has a market capitalization of C$1.63 billion and a price-to-earnings 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 company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43.

Insiders Place Their Bets

In other K92 Mining Inc. (KNT.V) news, Director Mark Price Eaton sold 29,198 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$8.60, for a total transaction of C$251,102.80. Also, Senior Officer Christopher James Muller sold 18,900 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$9.80, for a total value of C$185,220.00. Insiders have sold 154,557 shares of company stock valued at $1,439,744 over the last quarter.

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.