K92 Mining Inc. (KNT.V) (CVE:KNT) Receives C$9.97 Consensus Price Target from Analysts

K92 Mining Inc. (KNT.V) (CVE:KNT) has earned an average rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$9.97.

Several analysts have recently issued reports on KNT shares. Raymond James increased their price objective on K92 Mining Inc. (KNT.V) from C$7.75 to C$8.25 in a research note on Friday, January 12th. Pi Financial lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research report on Wednesday, March 6th. National Bankshares cut their price objective on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a report on Monday, February 26th. Finally, Stifel Nicolaus lifted their price target on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, April 3rd.

K92 Mining Inc. (KNT.V) Stock Performance

CVE KNT opened at C$7.99 on Thursday. The company has a market cap of C$1.63 billion and a P/E ratio of 32.48. K92 Mining Inc. has a 1-year low of C$1.55 and a 1-year high of C$8.50. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. The stock has a 50-day moving average of C$7.99 and a two-hundred day moving average of 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.