Raymond James Boosts K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$9.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target raised by stock analysts at Raymond James from C$8.25 to C$9.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 12.64% from the company’s current price.

Several other research firms have also commented on KNT. Stifel Nicolaus upped their price target on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, April 3rd. National Bankshares lowered their target price on K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research report on Monday, February 26th. Finally, Pi Financial raised their price objective on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research note on Wednesday, March 6th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, K92 Mining Inc. (KNT.V) presently has a consensus rating of “Buy” and a consensus target price of C$9.98.

K92 Mining Inc. (KNT.V) Stock Performance

K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Tuesday. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. K92 Mining Inc. has a one year low of C$1.55 and a one year high of C$8.50. The stock has a market capitalization of C$1.63 billion and a PE ratio of 32.48. The business’s fifty day moving average is C$7.99 and its 200 day moving average is C$7.99.

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.