K92 Mining Inc. (KNT.V) (CVE:KNT) Given Consensus Rating of “Buy” by Analysts

K92 Mining Inc. (KNT.V) (CVE:KNT) has received a consensus rating of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$9.97.

A number of brokerages have weighed in on KNT. Raymond James lifted their price objective on K92 Mining Inc. (KNT.V) from C$7.75 to C$8.25 in a report on Friday, January 12th. Stifel Nicolaus increased their target price on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a report on Wednesday, April 3rd. Pi Financial upped their price target on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a report on Wednesday, March 6th. Finally, National Bankshares reduced their price objective on K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a report on Monday, February 26th.

K92 Mining Inc. (KNT.V) Price Performance

Shares of K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Thursday. K92 Mining Inc. has a one year low of C$1.55 and a one year high of C$8.50. The company 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. The firm has a fifty day moving average of C$7.99 and a two-hundred day moving average of C$7.99.

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.