Royal Bank of Canada Forecasts Strong Price Appreciation for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target upped by equities researchers at Royal Bank of Canada from C$12.00 to C$13.00 in a research report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 62.70% from the company’s current price.

KNT has been the subject of a number of other reports. Eight Capital raised their target price on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Cormark boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th. Scotiabank upped their target price on shares of K92 Mining Inc. (KNT.V) from C$9.50 to C$10.00 in a research report on Thursday, November 21st. BMO Capital Markets lifted their price target on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus upped their price objective on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research report on Monday, October 21st.

K92 Mining Inc. (KNT.V) Stock Performance

CVE KNT opened at C$7.99 on Friday. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. K92 Mining Inc. has a 1-year low of C$1.55 and a 1-year high of C$8.50. The business has a 50 day simple moving average of C$7.99 and a two-hundred day simple moving average of C$7.99. The stock has a market capitalization of C$1.63 billion and a PE ratio of 32.48.

Insider Buying and Selling at K92 Mining Inc. (KNT.V)

In other K92 Mining Inc. (KNT.V) news, Director Mark Price Eaton sold 40,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$9.42, for a total value of C$376,600.00. Also, insider L1 Capital Pty Ltd. sold 44,698 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of C$7.82, for a total transaction of C$349,538.36. Insiders sold 94,698 shares of company stock worth $817,738 over the last 90 days.

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.