Raymond James Issues Positive Forecast for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock Price

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective upped by stock analysts at Raymond James from C$12.00 to C$14.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 75.22% from the stock’s previous close.

A number of other brokerages also recently weighed in on KNT. National Bankshares increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.75 to C$12.75 and gave the stock a “sector perform” rating in a research note on Wednesday, March 19th. Royal Bank of Canada upped their target price on K92 Mining Inc. (KNT.V) from C$14.00 to C$15.00 in a report on Friday. Scotiabank raised their price target on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a report on Wednesday, January 15th. Finally, Stifel Nicolaus set a C$17.50 price objective on K92 Mining Inc. (KNT.V) and gave the stock a “buy” rating in a research note on Wednesday, March 19th.

K92 Mining Inc. (KNT.V) Price Performance

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

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

In other K92 Mining Inc. (KNT.V) news, Senior Officer Christopher James Muller sold 81,100 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$9.80, for a total transaction of C$794,780.00. Also, Director Mark Price Eaton sold 29,198 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.60, for a total transaction of C$251,102.80. Over the last three months, insiders sold 233,079 shares of company stock worth $2,328,827.

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.