K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$36.00 at Royal Bank Of Canada

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price increased by Royal Bank Of Canada from C$32.00 to C$36.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Desjardins set a C$26.00 target price on shares of K92 Mining Inc. (KNT.V) and gave the stock a “buy” rating in a report on Friday, November 28th. Raymond James Financial upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a research note on Friday, October 10th. Canaccord Genuity Group raised their target price on shares of K92 Mining Inc. (KNT.V) from C$24.75 to C$25.50 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Ventum Financial boosted their target price on K92 Mining Inc. (KNT.V) from C$24.00 to C$29.00 and gave the stock a “buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$22.03.

K92 Mining Inc. (KNT.V) Price Performance

Shares of KNT opened at C$7.99 on Tuesday. 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. has a one year low of C$1.55 and a one year high of C$8.50. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. The stock has a market capitalization of C$1.63 billion and a price-to-earnings 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.