K92 Mining Inc. (KNT.V) (CVE:KNT) PT Set at C$10.00 by Raymond James

K92 Mining Inc. (KNT.V) (CVE:KNT – Get Rating) received a C$10.00 price objective from investment analysts at Raymond James in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 25.16% from the stock’s current price.

Several other equities research analysts have also recently commented on KNT. Scotiabank increased their price target on K92 Mining Inc. (KNT.V) from C$9.00 to C$10.50 in a report on Tuesday, April 19th. Canaccord Genuity Group increased their price target on K92 Mining Inc. (KNT.V) from C$10.50 to C$12.00 in a report on Friday, April 22nd. National Bankshares increased their price target on K92 Mining Inc. (KNT.V) from C$11.50 to C$12.50 in a report on Wednesday, April 20th. Finally, Eight Capital increased their price objective on K92 Mining Inc. (KNT.V) from C$13.25 to C$14.00 in a research report on Thursday, April 21st.

Shares of CVE:KNT remained flat at $C$7.99 during midday trading on Tuesday. The company had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month high of C$8.50. 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 stock has a market capitalization of C$1.63 billion and a PE ratio of 32.48. The firm’s fifty day moving average is C$7.99 and its 200-day moving average is C$7.99.

In other news, Director Mark Price Eaton sold 25,000 shares of the stock in a transaction on Monday, April 25th. The stock was sold at an average price of C$9.00, for a total value of C$225,000.00. Following the sale, the director now directly owns 250,000 shares in the company, valued at C$2,250,000. Also, Director Saurabh Handa sold 125,000 shares of the stock in a transaction on Thursday, April 14th. The shares were sold at an average price of C$9.94, for a total value of C$1,242,500.00. Following the completion of the sale, the director now owns 170,000 shares in the company, valued at C$1,689,800. Insiders sold 337,900 shares of company stock valued at $3,181,224 over the last quarter.

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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