K92 Mining Inc. (KNT.V) (CVE:KNT) Receives Average Rating of “Moderate Buy” from Analysts

K92 Mining Inc. (KNT.V) (CVE:KNT) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$11.80.

A number of research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research report on Tuesday, October 29th. Eight Capital upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Stifel Nicolaus lifted their target price on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a report on Monday, October 21st. Scotiabank boosted their target price on K92 Mining Inc. (KNT.V) from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group raised their price target on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd.

Insider Activity at K92 Mining Inc. (KNT.V)

In other news, insider L1 Capital Pty Ltd. sold 44,698 shares of K92 Mining Inc. (KNT.V) stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$7.82, for a total transaction of C$349,538.36.

K92 Mining Inc. (KNT.V) Price Performance

CVE:KNT opened at C$7.99 on Monday. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 week high of C$8.50. The stock’s fifty day moving average is C$7.99 and its two-hundred day moving average is C$7.99. The company has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93.

K92 Mining Inc. (KNT.V) Company Profile

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.