K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$13.75

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective increased by Stifel Nicolaus from C$11.50 to C$13.75 in a research report report published on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

KNT has been the subject of a number of other reports. Pi Financial boosted 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. Scotiabank raised their price objective on shares of K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a research note on Thursday, May 23rd. National Bankshares downgraded K92 Mining Inc. (KNT.V) from an outperform rating to a sector perform rating and lifted their price objective for the stock from C$9.00 to C$9.25 in a research report on Thursday, May 16th. Raymond James increased their target price on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a report on Tuesday, April 23rd. Finally, Canaccord Genuity Group boosted their price target on K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a report on Tuesday, April 23rd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of C$10.38.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT stock opened at C$7.99 on Friday. 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 business’s fifty day moving average price is C$7.99 and its 200 day moving average price is C$7.99. The firm has a market capitalization of C$1.63 billion and a PE ratio of 32.48.

Insider Transactions at K92 Mining Inc. (KNT.V)

In other news, Director Saurabh Handa sold 89,240 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of C$7.51, for a total transaction of C$670,192.40. In related news, Senior Officer Nancy Carol La Couvee sold 100,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of C$7.69, for a total transaction of C$768,910.00. Also, Director Saurabh Handa sold 89,240 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of C$7.51, for a total transaction of C$670,192.40. Over the last ninety days, insiders have sold 589,240 shares of company stock valued at $4,473,405.

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.