Stifel Nicolaus Increases K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$13.75

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective raised by Stifel Nicolaus from C$11.50 to C$13.75 in a research note released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently commented on KNT. Pi Financial lifted their price objective on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research report on Wednesday, March 6th. National Bankshares downgraded shares of K92 Mining Inc. (KNT.V) from an outperform rating to a sector perform rating and upped their price objective for the company from C$9.00 to C$9.25 in a research note on Thursday, May 16th. Scotiabank increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a report on Thursday, May 23rd. Canaccord Genuity Group boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a report on Tuesday, April 23rd. Finally, Raymond James upped their price target on shares of K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of C$10.38.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE KNT opened at C$7.99 on Friday. The firm has a market cap of C$1.63 billion and a P/E ratio of 32.48. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50. The firm’s 50 day moving average price is C$7.99 and its 200 day moving average price is C$7.99.

Insider Buying and Selling

In other K92 Mining Inc. (KNT.V) news, Director Cyndi Dianna Laval sold 225,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$7.67, for a total transaction of C$1,725,075.00. In other news, Senior Officer Nancy Carol La Couvee sold 100,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of C$7.69, for a total transaction of C$768,910.00. Also, Director Cyndi Dianna Laval sold 225,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$7.67, for a total value of C$1,725,075.00. In the last three months, insiders sold 589,240 shares of company stock valued at $4,473,405.

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.