K92 Mining Inc. (KNT.V) (CVE:KNT) PT Set at C$17.50 by Stifel Nicolaus

Stifel Nicolaus set a C$17.50 price objective on K92 Mining Inc. (KNT.V) (CVE:KNT) in a research note published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also weighed in on the company. Scotiabank raised their target price on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a report on Wednesday, January 15th. Raymond James raised their target price on K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a report on Tuesday, January 7th. Royal Bank of Canada raised their target price on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a report on Friday, December 6th. Finally, National Bankshares raised their target price on K92 Mining Inc. (KNT.V) from C$11.75 to C$12.75 and gave the company a “sector perform” rating in a report on Wednesday.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE:KNT opened at C$7.99 on Wednesday. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50. The business has a fifty day simple moving average of C$7.99 and a 200 day simple moving average of C$7.99. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. The firm has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48.

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

In related news, Senior Officer Christopher James Muller sold 81,100 shares of K92 Mining Inc. (KNT.V) stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$9.80, for a total transaction of C$794,780.00. Also, Director John Lewins sold 68,700 shares of K92 Mining Inc. (KNT.V) stock in a transaction dated Friday, January 31st. The stock was sold at an average price of C$9.79, for a total value of C$672,421.86. Over the last ninety days, insiders have sold 241,196 shares of company stock worth $2,273,694.

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.