K92 Mining Inc. (KNT.V) (CVE:KNT) Given New C$15.00 Price Target at Royal Bank of Canada

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target hoisted by Royal Bank of Canada from C$14.00 to C$15.00 in a report issued on Friday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. National Bankshares increased their price target on K92 Mining Inc. (KNT.V) from C$11.75 to C$12.75 and gave the stock a “sector perform” rating in a research note on Wednesday, March 19th. Stifel Nicolaus set a C$17.50 target price on shares of K92 Mining Inc. (KNT.V) and gave the company a “buy” rating in a research note on Wednesday, March 19th. Scotiabank upped their price target on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research note on Wednesday, January 15th. Finally, Raymond James increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a report on Tuesday, January 7th.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT stock opened at C$7.99 on Friday. The business has a 50 day simple moving average of C$7.99 and a 200 day simple moving average of C$7.99. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. The firm has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month high of C$8.50.

Insider Activity

In other news, Senior Officer Nancy Carol La Couvee sold 20,000 shares of the business’s stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$9.81, for a total transaction of C$196,200.00. Also, Director Mark Price Eaton sold 34,081 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of C$12.16, for a total value of C$414,322.72. Insiders sold 233,079 shares of company stock worth $2,328,827 over the last quarter.

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.