Scotiabank Raises K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$9.50

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price lifted by Scotiabank from C$9.00 to C$9.50 in a research note published on Thursday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other research analysts have also commented on KNT. Eight Capital lifted their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday. Cormark upped their target price on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Stifel Nicolaus upped their price target on K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research note on Wednesday, August 14th. Finally, Canaccord Genuity Group upped their price target on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.53.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Thursday. The business has a 50-day moving average of C$7.99 and a 200 day moving average of C$7.99. K92 Mining Inc. has a 12 month low of C$1.55 and a 12 month high of C$8.50. 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.

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.