K92 Mining Inc. (KNT.V) (CVE:KNT) Given New C$20.75 Price Target at Canaccord Genuity Group

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective increased by Canaccord Genuity Group from C$18.75 to C$20.75 in a report issued on Thursday morning,BayStreet.CA reports.

KNT has been the subject of a number of other research reports. TD Securities lifted their target price on K92 Mining Inc. (KNT.V) from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Royal Bank Of Canada lifted their target price on K92 Mining Inc. (KNT.V) from C$19.00 to C$22.00 in a report on Wednesday, September 10th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$16.15.

K92 Mining Inc. (KNT.V) Stock Performance

K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Thursday. 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. has a 52 week low of C$1.55 and a 52 week high of C$8.50. The company has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. The stock has a 50-day moving average price of C$7.99 and a 200 day moving average price of C$7.99.

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.