K92 Mining Inc. (KNT.V) (CVE:KNT) Receives C$22.03 Consensus Price Target from Analysts

Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$23.41.

Several research analysts recently weighed in on the stock. Canaccord Genuity Group boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$24.75 to C$25.50 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Ventum Financial boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$24.00 to C$29.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. 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. 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 research note on Friday, November 28th. Finally, Royal Bank Of Canada increased their price target on K92 Mining Inc. (KNT.V) from C$32.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 13th.

K92 Mining Inc. (KNT.V) Stock Performance

CVE KNT opened at C$7.99 on Tuesday. 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 fifty-two week low of C$1.55 and a fifty-two week high of C$8.50. The business has a fifty day moving average of C$7.99 and a 200-day moving average of C$7.99. The stock has a market cap 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.