Scotiabank Forecasts Strong Price Appreciation for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective increased by Scotiabank from C$9.50 to C$10.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus upped their price target on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a report on Monday, October 21st. Eight Capital upped their price target on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Cormark upped their price target on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th. Finally, BMO Capital Markets upped their price target on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a report on Tuesday, October 29th.

K92 Mining Inc. (KNT.V) Stock Performance

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

Insiders Place Their Bets

In other K92 Mining Inc. (KNT.V) news, insider L1 Capital Pty Ltd. sold 44,698 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of C$7.82, for a total transaction of C$349,538.36.

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.