K92 Mining Inc. (KNT.V) (CVE:KNT) PT Raised to C$16.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price boosted by stock analysts at Eight Capital from C$14.00 to C$16.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Eight Capital’s price target would indicate a potential upside of 100.25% from the stock’s current price.

Several other analysts also recently commented on KNT. Canaccord Genuity Group raised their target price on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research note on Tuesday, July 23rd. Cormark raised 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. Finally, Stifel Nicolaus raised their target price on K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company 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 company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. The business has a 50-day moving average price of C$7.99 and a two-hundred day moving average price of C$7.99. K92 Mining Inc. has a 1-year low of C$1.55 and a 1-year high of C$8.50. The company has a market cap of C$1.63 billion and a P/E ratio of 32.48.

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.