K92 Mining Inc. (KNT.V) (CVE:KNT) PT Raised to C$10.50

K92 Mining Inc. (KNT.V) (CVE:KNTGet Rating) had its price objective upped by analysts at Scotiabank from C$9.00 to C$10.50 in a note issued to investors on Tuesday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 31.41% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Canaccord Genuity Group set a C$8.75 price target on shares of K92 Mining Inc. (KNT.V) and gave the company a “speculative buy” rating in a report on Monday, January 31st. National Bankshares upped their price target on shares of K92 Mining Inc. (KNT.V) from C$11.75 to C$12.50 in a report on Friday, January 7th. Finally, Raymond James set a C$10.00 price target on shares of K92 Mining Inc. (KNT.V) and gave the company an “outperform” rating in a report on Tuesday, April 12th.

CVE:KNT remained flat at $C$7.99 during mid-day trading on Tuesday. 337,797 shares of the company traded hands, compared to its average volume of 1,128,356. The company has a market capitalization of C$1.63 billion and a PE ratio of 32.48. K92 Mining Inc. has a one year low of C$1.55 and a one year high of C$8.50. The company’s 50 day simple moving average is C$7.99. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25.

In other news, Senior Officer Warren Uyen sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 3rd. The shares were 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 owns 113,800 shares of the company’s stock, valued at approximately C$916,431.40. Also, Director Saurabh Handa sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of C$9.94, for a total transaction of C$1,242,500.00. Following the completion of the sale, the director now directly owns 170,000 shares of the company’s stock, valued at approximately C$1,689,800. Over the last three months, insiders sold 207,900 shares of company stock valued at $1,953,624.

K92 Mining Inc. (KNT.V) Company Profile (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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