K92 Mining (CVE:KNT) had its price objective upped by Canaccord Genuity from C$6.75 to C$8.75 in a research report released on Wednesday morning, BayStreet.CA reports.
Other equities research analysts have also issued reports about the company. Scotiabank raised their price objective on K92 Mining from C$6.50 to C$7.75 in a research note on Tuesday, July 28th. Pi Financial raised their target price on K92 Mining from C$6.70 to C$8.25 and gave the stock a buy rating in a research report on Tuesday, July 28th. Desjardins reaffirmed a buy rating on shares of K92 Mining in a research report on Wednesday, May 27th. Raymond James raised their target price on K92 Mining from C$6.00 to C$7.00 and gave the stock an outperform rating in a research report on Tuesday, July 28th. Finally, Eight Capital raised their target price on K92 Mining from C$5.80 to C$6.50 in a research report on Monday, July 20th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of C$7.20.
The company has a market cap of $955.65 million and a price-to-earnings ratio of 31.62. The company has a current ratio of 2.35, a quick ratio of 1.63 and a debt-to-equity ratio of 9.46. The stock’s fifty day moving average is C$3.97 and its two-hundred day moving average is C$3.58. K92 Mining has a one year low of C$1.55 and a one year high of C$5.73.
In related news, Director John Stalker sold 120,000 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of C$4.05, for a total transaction of C$485,760.00. Following the completion of the sale, the director now directly owns 710,850 shares in the company, valued at C$2,877,520.80.
K92 Mining Company Profile
K92 Mining Inc engages in the exploration, development, and mining of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver concentrates. Its principal property is the Kainantu gold mine that includes the Irumafimpa and Kora deposits covering an area of approximately 410 square kilometers located in the Eastern Highlands province.
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