Desjardins Reiterates C$26.00 Price Target for K92 Mining Inc. (KNT.V) (CVE:KNT)

Desjardins set a C$26.00 target price on K92 Mining Inc. (KNT.V) (CVE:KNT) in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently weighed in on KNT. Canaccord Genuity Group increased their price target on shares of K92 Mining Inc. (KNT.V) from C$18.75 to C$20.75 in a research note on Thursday, October 2nd. Royal Bank Of Canada boosted their price target on shares of K92 Mining Inc. (KNT.V) from C$22.00 to C$26.00 in a report on Tuesday, October 28th. Finally, Raymond James Financial raised their price target on K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a research note on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$19.31.

K92 Mining Inc. (KNT.V) Stock Performance

K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Friday. The firm has a market capitalization of C$1.63 billion and a PE ratio of 32.48. The stock’s 50 day moving average price is C$7.99 and its 200 day moving average price is C$7.99. 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 one year low of C$1.55 and a one year high of C$8.50.

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.