Royal Bank of Canada Increases K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$15.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective raised by equities researchers at Royal Bank of Canada from C$14.00 to C$15.00 in a report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective would indicate a potential upside of 87.73% from the company’s current price.

Several other research analysts have also commented on KNT. Scotiabank raised their price target on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, January 15th. National Bankshares increased their target price on 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. Raymond James lifted their target price on K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus set a C$17.50 price target on shares of K92 Mining Inc. (KNT.V) and gave the stock a “buy” rating in a research report on Wednesday, March 19th.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT stock opened at C$7.99 on Friday. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. The firm has a market cap of C$1.63 billion and a P/E ratio of 32.48. The firm’s 50 day moving average price is C$7.99 and its 200-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 Buying and Selling

In related news, Director Mark Price Eaton sold 34,081 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of C$12.16, for a total value of C$414,322.72. Also, Director John Lewins sold 68,700 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of C$9.79, for a total transaction of C$672,421.86. Insiders sold 233,079 shares of company stock valued at $2,328,827 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.