K92 Mining Inc. (KNT.V) (CVE:KNT) Given New C$12.00 Price Target at Raymond James

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price lifted by research analysts at Raymond James from C$11.00 to C$12.00 in a report issued on Tuesday,BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 50.19% from the stock’s current price.

A number of other research firms also recently commented on KNT. Cormark boosted their price target on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Eight Capital boosted 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 increased their price target 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 boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$9.50 to C$10.00 in a research report on Thursday, November 21st. Finally, Royal Bank of Canada upped their target price on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research note on Friday, December 6th.

K92 Mining Inc. (KNT.V) Price Performance

K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Tuesday. The firm has a market cap of C$1.63 billion and a PE 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. The stock’s fifty day moving average price is C$7.99 and its two-hundred day moving average price is C$7.99. K92 Mining Inc. has a one year low of C$1.55 and a one year high of C$8.50.

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

In other news, Director Mark Price Eaton sold 40,000 shares of K92 Mining Inc. (KNT.V) stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$9.42, for a total transaction of C$376,600.00. Also, Senior Officer David Gregory Medilek sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$9.39, for a total value of C$328,678.00. Insiders sold a total of 154,557 shares of company stock valued at $1,439,744 in the last quarter.

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.