Canaccord Genuity Group Increases K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$12.00

K92 Mining Inc. (KNT.V) (CVE:KNTGet Rating) had its price objective upped by stock analysts at Canaccord Genuity Group from C$11.50 to C$12.00 in a report issued on Thursday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 50.19% from the company’s previous close.

A number of other research analysts have also recently weighed in on KNT. Raymond James set a C$10.00 target price on shares of K92 Mining Inc. (KNT.V) and gave the company an “outperform” rating in a research note on Tuesday, May 17th. Scotiabank boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$9.00 to C$10.50 in a research note on Tuesday, April 19th. National Bankshares boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$12.75 and gave the company an “outperform” rating in a research note on Wednesday, May 18th. Finally, Eight Capital boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$13.25 to C$14.00 in a research note on Thursday, April 21st.

KNT stock remained flat at $C$7.99 during trading on Thursday. 337,797 shares of the company’s stock were exchanged, compared to its average volume of 1,128,356. K92 Mining Inc. has a twelve month low of C$1.55 and a twelve month high of C$8.50. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. The stock has a 50 day moving average price of C$7.99 and a 200 day moving average price of C$7.99. The stock has a market cap of C$1.63 billion and a P/E ratio of 32.48.

In related news, Senior Officer Justin Blanchet sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, April 22nd. The shares were sold at an average price of C$9.82, for a total transaction of C$785,600.00. Following the sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately C$982,000. Also, Director Mark Price Eaton sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of C$8.68, for a total transaction of C$217,000.00. Following the sale, the director now directly owns 215,000 shares in the company, valued at approximately C$1,866,200. Insiders have sold a total of 337,900 shares of company stock worth $3,181,224 over the last 90 days.

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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