K92 Mining Inc. (KNT.V) (CVE:KNT) Given New C$15.50 Price Target at Stifel Nicolaus

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target increased by Stifel Nicolaus from C$15.00 to C$15.50 in a report released on Monday, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. Eight Capital lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research note on Thursday, October 17th. Canaccord Genuity Group upped their target price on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd. Cormark raised their price target on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research report on Friday, October 11th. Finally, Scotiabank increased their price target on shares of K92 Mining Inc. (KNT.V) from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$11.58.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of CVE:KNT opened at C$7.99 on Monday. The business’s 50-day simple moving average is C$7.99 and its 200 day simple moving average is C$7.99. K92 Mining Inc. has a one year low of C$1.55 and a one year high of C$8.50. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. The company has a market cap of C$1.63 billion and a P/E ratio of 32.48.

Insiders Place Their Bets

In other news, insider L1 Capital Pty Ltd. sold 44,698 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of C$7.82, for a total transaction of C$349,538.36.

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.