K92 Mining Inc. (KNT.V) (CVE:KNT) Given Average Rating of “Buy” by Analysts

Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) have received an average rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$9.97.

KNT has been the topic of several analyst reports. Pi Financial dropped their price target on shares of K92 Mining Inc. (KNT.V) from C$11.75 to C$11.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Cormark reduced their target price on K92 Mining Inc. (KNT.V) from C$14.00 to C$11.00 and set a “top pick” rating for the company in a report on Friday, October 13th. Stifel Nicolaus lowered their price target on K92 Mining Inc. (KNT.V) from C$13.00 to C$12.00 in a research report on Wednesday, November 15th. TD Securities decreased their target price on K92 Mining Inc. (KNT.V) from C$10.00 to C$9.50 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Finally, Raymond James dropped their target price on shares of K92 Mining Inc. (KNT.V) from C$8.50 to C$7.75 and set an “outperform” rating on the stock in a research report on Monday, November 6th.

K92 Mining Inc. (KNT.V) Stock Performance

CVE KNT opened at C$7.99 on Monday. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a 1-year low of C$1.55 and a 1-year high of C$8.50. The firm’s fifty day simple moving average is C$7.99 and its 200-day simple moving average is C$7.99. The company has a market capitalization of C$1.63 billion and a PE ratio of 32.48.

About K92 Mining Inc. (KNT.V)

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.