K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$19.00 at Stifel Nicolaus

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price hoisted by analysts at Stifel Nicolaus from C$17.50 to C$19.00 in a note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 137.80% from the stock’s current price.

Several other analysts also recently issued reports on the company. National Bankshares boosted their price objective on K92 Mining Inc. (KNT.V) from C$11.75 to C$12.75 and gave the stock a “sector perform” rating in a report on Wednesday, March 19th. Scotiabank lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, January 15th. Raymond James raised their target price on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research report on Friday, April 4th. Finally, Royal Bank of Canada upped their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$15.00 in a research report on Friday, April 4th.

K92 Mining Inc. (KNT.V) Price Performance

CVE KNT opened at C$7.99 on Monday. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50. The business’s fifty day moving average is C$7.99 and its two-hundred day moving average is C$7.99. The stock 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 quick ratio of 2.43 and a current ratio of 3.25.

Insider Buying and Selling at K92 Mining Inc. (KNT.V)

In related news, Senior Officer David Gregory Medilek sold 80,000 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of C$12.95, for a total value of C$1,035,680.00. Also, Director Saurabh Handa sold 50,000 shares of K92 Mining Inc. (KNT.V) stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of C$11.95, for a total transaction of C$597,500.00. Insiders sold 252,781 shares of company stock worth $2,978,045 over the last ninety days.

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.