Raymond James Analysts Give K92 Mining Inc. (KNT.V) (CVE:KNT) a C$10.00 Price Target

Raymond James set a C$10.00 price objective on K92 Mining Inc. (KNT.V) (CVE:KNTGet Rating) in a research note released on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on KNT. Scotiabank raised their price objective on shares of K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a research note on Thursday, February 24th. National Bankshares raised their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.75 to C$12.50 in a research note on Friday, January 7th. Finally, Canaccord Genuity Group set a C$8.75 price objective on shares of K92 Mining Inc. (KNT.V) and gave the company a speculative buy rating in a research note on Monday, January 31st.

Shares of KNT stock opened at C$7.99 on Tuesday. 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 market capitalization of C$1.63 billion and a PE ratio of 32.48. 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 50 day simple moving average of C$7.99.

In other K92 Mining Inc. (KNT.V) news, Senior Officer Warren Uyen sold 40,000 shares of the stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of C$8.05, for a total value of C$322,120.00. Following the completion of the sale, the insider now directly owns 113,800 shares in the company, valued at C$916,431.40.

About K92 Mining Inc. (KNT.V) (Get Rating)

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.

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