K92 Mining Inc. (KNT.V) (CVE:KNT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) have earned an average rating of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$11.80.

A number of research analysts have recently commented on KNT shares. Cormark boosted their price target on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research report on Friday, October 11th. Eight Capital upped their target price on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday, October 17th. BMO Capital Markets upped their target price on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research report on Tuesday, October 29th. Scotiabank upped their target price on shares of K92 Mining Inc. (KNT.V) from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group upped their target price on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd.

K92 Mining Inc. (KNT.V) Price Performance

KNT opened at C$7.99 on Monday. The company has a fifty day moving average price of C$7.99 and a 200-day moving average price of C$7.99. The firm has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. 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.

Insiders Place Their Bets

In other K92 Mining Inc. (KNT.V) news, insider L1 Capital Pty Ltd. sold 44,698 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$7.82, for a total value of C$349,538.36.

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.