Royal Bank Of Canada Forecasts Strong Price Appreciation for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target hoisted by research analysts at Royal Bank Of Canada from C$19.00 to C$22.00 in a report issued on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price target indicates a potential upside of 175.34% from the company’s previous close.

Separately, TD Securities boosted their price objective on K92 Mining Inc. (KNT.V) from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$15.64.

K92 Mining Inc. (KNT.V) Price Performance

KNT stock opened at C$7.99 on Wednesday. The stock’s fifty day simple moving average is C$7.99 and its two-hundred day simple moving average is C$7.99. 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 stock has a market cap of C$1.63 billion and a P/E ratio of 32.48.

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.