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 price target raised by Scotiabank from C$10.00 to C$11.00 in a report released on Wednesday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 37.67% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. Eight Capital boosted their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday, October 17th. Stifel Nicolaus increased their target price on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research report on Monday, October 21st. Raymond James lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research report on Tuesday, January 7th. BMO Capital Markets increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada lifted their target price on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a report on Friday, December 6th.

K92 Mining Inc. (KNT.V) Price Performance

CVE:KNT remained flat at C$7.99 during trading hours on Wednesday. 337,797 shares of the company’s stock were exchanged, compared to its average volume of 1,128,356. The stock has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48. The company’s 50-day moving average is C$7.99 and its 200 day moving average is C$7.99. K92 Mining Inc. has a 12 month low of C$1.55 and a 12 month high of C$8.50. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93.

Insiders Place Their Bets

In other news, Director Mark Price Eaton sold 10,000 shares of K92 Mining Inc. (KNT.V) stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of C$9.16, for a total value of C$91,600.00. Also, Director Graham Wheelock sold 42,198 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of C$8.51, for a total value of C$359,189.38. Insiders have sold 196,755 shares of company stock worth $1,798,933 in the last three months.

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.