K92 Mining Inc. (KNT.V) (CVE:KNT) PT Set at C$26.00 by Desjardins

K92 Mining Inc. (KNT.V) (CVE:KNT) has been assigned a C$26.00 target price by equities researchers at Desjardins in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 225.41% from the company’s current price.

A number of other research analysts also recently issued reports on KNT. Raymond James Financial raised their price objective on shares of K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a report on Friday, October 10th. Royal Bank Of Canada raised their target price on K92 Mining Inc. (KNT.V) from C$22.00 to C$26.00 in a research note on Tuesday, October 28th. Finally, Canaccord Genuity Group lifted their price target on K92 Mining Inc. (KNT.V) from C$18.75 to C$20.75 in a research report on Thursday, October 2nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, K92 Mining Inc. (KNT.V) presently has an average rating of “Moderate Buy” and an average price target of C$19.31.

K92 Mining Inc. (KNT.V) Stock Performance

K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Friday. The firm’s fifty day moving average price is C$7.99 and its 200-day moving average price is C$7.99. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week high of C$8.50. 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 stock has a market cap of C$1.63 billion and a P/E ratio of 32.48.

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.