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

K92 Mining Inc. (KNT.V) (CVE:KNT) has been assigned a C$17.50 target price by Stifel Nicolaus in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 119.02% from the company’s previous close.

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

K92 Mining Inc. (KNT.V) Stock Performance

KNT opened at C$7.99 on Wednesday. The company has a market capitalization of C$1.63 billion and a price-to-earnings 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. 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 50 day moving average price of C$7.99 and a two-hundred day moving average price of C$7.99.

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

In other K92 Mining Inc. (KNT.V) news, Director Mark Price Eaton sold 29,198 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$8.60, for a total transaction of C$251,102.80. Also, Director Graham Wheelock sold 42,198 shares of the business’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of C$8.51, for a total transaction of C$359,189.38. Insiders have sold a total of 241,196 shares of company stock valued at $2,273,694 in the last three months.

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.