K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$36.00 at Royal Bank Of Canada

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target upped by investment analysts at Royal Bank Of Canada from C$32.00 to C$36.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 350.56% from the company’s current price.

A number of other brokerages have also weighed in on KNT. Ventum Financial raised their price objective on 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. Canaccord Genuity Group increased their price target on 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. Desjardins set a C$26.00 price target on K92 Mining Inc. (KNT.V) and gave the company a “buy” rating in a report on Friday, November 28th. Finally, Raymond James Financial upped their price objective on K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a report on Friday, October 10th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$22.03.

K92 Mining Inc. (KNT.V) Stock Performance

KNT remained flat at C$7.99 during trading on Tuesday. 337,797 shares of the company traded hands, compared to its average volume of 1,128,356. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. The company has a market cap of C$1.63 billion and a P/E ratio of 32.48. The stock has a 50-day moving average price of C$7.99 and a 200-day moving average price of C$7.99. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 week high of C$8.50.

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.