K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$11.00 at Scotiabank

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price upped by Scotiabank from C$10.00 to C$11.00 in a report issued on Wednesday morning,BayStreet.CA reports.

Other research analysts also recently issued reports about the stock. Raymond James boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research report on Tuesday, January 7th. Cormark upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. BMO Capital Markets increased their price target on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research note on Tuesday, October 29th. Stifel Nicolaus increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research report on Monday, October 21st. Finally, Eight Capital increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday, October 17th.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of CVE:KNT opened at C$7.99 on Wednesday. The firm has a 50 day moving average of C$7.99 and a 200 day moving average of C$7.99. 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.

Insider Activity

In other news, Director Graham Wheelock sold 42,198 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of C$8.51, for a total transaction of C$359,189.38. Also, Director Mark Price Eaton sold 10,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$9.16, for a total transaction of C$91,600.00. In the last three months, insiders have sold 196,755 shares of company stock worth $1,798,933.

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.