Royal Bank of Canada Issues Positive Forecast for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock Price

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price upped by stock analysts at Royal Bank of Canada from C$12.00 to C$13.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s price target indicates a potential upside of 62.70% from the stock’s current price.

A number of other analysts have also weighed in on the company. Eight Capital upped their target price on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Stifel Nicolaus upped their price objective on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research note on Monday, October 21st. BMO Capital Markets lifted their target price on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research note on Tuesday, October 29th. Scotiabank boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$9.50 to C$10.00 in a report on Thursday, November 21st. Finally, Cormark raised their price target on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th.

K92 Mining Inc. (KNT.V) Stock Performance

CVE:KNT opened at C$7.99 on Friday. The firm has a 50-day simple moving average of C$7.99 and a 200-day simple moving average of C$7.99. K92 Mining Inc. has a one year low of C$1.55 and a one year high of C$8.50. The firm has a market cap 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 Transactions at K92 Mining Inc. (KNT.V)

In other 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 transaction of C$349,538.36. Also, Director Mark Price Eaton sold 40,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$9.42, for a total value of C$376,600.00. Over the last 90 days, insiders have sold 94,698 shares of company stock worth $817,738.

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.