K92 Mining Inc. (KNT.V) (CVE:KNT) Given New C$9.25 Price Target at Canaccord Genuity Group

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target increased by Canaccord Genuity Group from C$8.50 to C$9.25 in a report published on Tuesday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on KNT. National Bankshares decreased their price target on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research note on Monday, February 26th. Raymond James lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research note on Tuesday. Stifel Nicolaus lifted 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, April 3rd. Finally, Pi Financial lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research note on Wednesday, March 6th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, K92 Mining Inc. (KNT.V) currently has a consensus rating of Buy and a consensus price target of C$9.98.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT stock opened at C$7.99 on Tuesday. The company has a 50 day moving average of C$7.99 and a 200-day moving average of C$7.99. 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. has a 12-month low of C$1.55 and a 12-month high of C$8.50. The firm has a market cap of C$1.63 billion and a P/E ratio of 32.48.

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.