K92 Mining Inc. (KNT.V) (CVE:KNT) Stock Price Expected to Rise, Raymond James Analyst Says

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target hoisted by analysts at Raymond James from C$11.00 to C$12.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 50.19% from the stock’s current price.

Several other equities research analysts also recently commented on KNT. Scotiabank upped their target price on shares of K92 Mining Inc. (KNT.V) from C$9.50 to C$10.00 in a research note on Thursday, November 21st. Cormark upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research report on Friday, October 11th. Stifel Nicolaus raised their price objective on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research note on Monday, October 21st. Royal Bank of Canada boosted their target price on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research note on Friday, December 6th. Finally, Eight Capital raised their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday, October 17th.

K92 Mining Inc. (KNT.V) Price Performance

K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Tuesday. 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 firm has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. The business has a 50-day moving average of C$7.99 and a 200-day moving average 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.

Insider Transactions at K92 Mining Inc. (KNT.V)

In other news, Director Mark Price Eaton sold 10,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$9.16, for a total value of C$91,600.00. Also, Senior Officer David Gregory Medilek sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$9.39, for a total transaction of C$328,678.00. Insiders have sold 154,557 shares of company stock worth $1,439,744 in the last ninety days.

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.