Scotiabank Boosts K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$11.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective boosted by Scotiabank from C$10.00 to C$11.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Scotiabank’s target price points to a potential upside of 37.67% from the company’s previous close.

KNT has been the subject of a number of other research reports. 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, October 17th. BMO Capital Markets lifted their price target on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a report on Tuesday, October 29th. Royal Bank of Canada increased their price objective on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a report on Friday, December 6th. Raymond James boosted their target price on K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus upped their price target on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a report on Monday, October 21st.

K92 Mining Inc. (KNT.V) Price Performance

Shares of K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Wednesday. 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 50 day moving average of C$7.99 and a 200 day moving average of C$7.99. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93. The company has a market capitalization of C$1.63 billion and a P/E ratio of 32.48.

Insider Activity

In other news, Director Graham Wheelock sold 42,198 shares of K92 Mining Inc. (KNT.V) stock in a transaction on Friday, December 27th. The shares were sold at an average price of C$8.51, for a total value of C$359,189.38. Also, Director Mark Price Eaton sold 10,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of C$9.16, for a total transaction of C$91,600.00. In the last three months, insiders sold 196,755 shares of company stock valued at $1,798,933.

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.