K92 Mining Inc. (KNT.V) (CVE:KNT) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target boosted by equities research analysts at Canaccord Genuity Group from C$24.75 to C$25.50 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 219.15% from the stock’s current price.

A number of other research analysts have also recently commented on KNT. Desjardins set a C$26.00 price target on K92 Mining Inc. (KNT.V) and gave the stock a “buy” rating in a research report on Friday, November 28th. Royal Bank Of Canada upped their price target on shares of K92 Mining Inc. (KNT.V) from C$26.00 to C$32.00 in a report on Wednesday, December 10th. Finally, Raymond James Financial increased their price target on shares of K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a research report on Friday, October 10th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$22.03.

K92 Mining Inc. (KNT.V) Price 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 firm has a fifty day moving average of C$7.99 and a 200 day moving average of C$7.99. 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. The firm has a market capitalization 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.