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

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target raised by analysts at Canaccord Genuity Group from C$8.50 to C$9.25 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 15.77% from the company’s current price.

Other research analysts have also issued research reports about the company. Pi Financial lifted their price target on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research report on Wednesday, March 6th. National Bankshares dropped their target price on K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research report on Monday, February 26th. Stifel Nicolaus boosted their target price on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, April 3rd. Finally, Raymond James boosted their target price on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research report on Tuesday. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, K92 Mining Inc. (KNT.V) presently has a consensus rating of “Buy” and a consensus price target of C$9.98.

K92 Mining Inc. (KNT.V) Stock Performance

K92 Mining Inc. (KNT.V) stock remained flat at C$7.99 during trading on Tuesday. The company had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. K92 Mining Inc. has a one year low of C$1.55 and a one year high of C$8.50. The business’s 50 day moving average is C$7.99 and its 200-day moving average is C$7.99. The stock has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43.

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.