K92 Mining (OTCMKTS:KNTNF) Price Target Cut to C$11.25

K92 Mining (OTCMKTS:KNTNF – Get Rating) had its price target dropped by analysts at Desjardins from C$12.50 to C$11.25 in a research note issued on Thursday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. National Bank Financial increased their price objective on shares of K92 Mining from C$12.50 to C$12.75 in a research report on Wednesday. Stifel Nicolaus reduced their target price on shares of K92 Mining from C$14.00 to C$13.00 in a research note on Tuesday, January 25th. Canaccord Genuity Group increased their price target on shares of K92 Mining from C$8.75 to C$10.50 in a report on Thursday, March 31st. Finally, Scotiabank raised their target price on shares of K92 Mining from C$9.00 to C$10.50 in a report on Tuesday, April 19th.

Shares of K92 Mining stock traded down $0.04 on Thursday, reaching $6.31. The company had a trading volume of 9,144 shares, compared to its average volume of 97,547. The firm’s 50 day moving average price is $6.98 and its two-hundred day moving average price is $6.23. K92 Mining has a 52-week low of $4.42 and a 52-week high of $8.33.

K92 Mining 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 862 square kilometers located in the Eastern Highlands province of Papua New Guinea.

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