K92 Mining Inc. (KNT.V) (CVE:KNT) PT Raised to C$9.50 at Scotiabank

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective boosted by stock analysts at Scotiabank from C$9.00 to C$9.50 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 18.90% from the company’s previous close.

A number of other equities analysts also recently commented on KNT. Stifel Nicolaus boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$14.25 to C$15.00 in a research note on Wednesday, August 14th. Canaccord Genuity Group boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research note on Tuesday, July 23rd. Eight Capital boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research note on Thursday. Finally, Cormark boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$11.53.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT stock opened at C$7.99 on Thursday. The stock has a market capitalization of C$1.63 billion and a PE ratio of 32.48. The firm has a 50 day moving average of C$7.99 and a two-hundred day moving average of C$7.99. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 week high of C$8.50. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93.

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.