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

K92 Mining Inc. (KNT.V) (CVE:KNT) has received a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$9.97.

A number of research firms have commented on KNT. Pi Financial lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a report on Wednesday, March 6th. Stifel Nicolaus lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a report on Wednesday, April 3rd. National Bankshares dropped their price objective on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research note on Monday, February 26th. Finally, Raymond James lifted their target price on K92 Mining Inc. (KNT.V) from C$7.75 to C$8.25 in a research note on Friday, January 12th.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE KNT opened at C$7.99 on Thursday. 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 company has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. K92 Mining Inc. has a twelve month low of C$1.55 and a twelve month high of C$8.50. The business has a 50 day simple moving average of C$7.99 and a 200-day simple moving average of C$7.99.

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.