K92 Mining Inc. (KNT.V) (CVE:KNT) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target lifted by investment analysts at Canaccord Genuity Group from C$24.75 to C$25.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 219.15% from the company’s current price.

Several other equities analysts have also recently commented on KNT. Desjardins set a C$26.00 price objective on shares of K92 Mining Inc. (KNT.V) and gave the company a “buy” rating in a research note on Friday, November 28th. Royal Bank Of Canada raised their price target on shares of K92 Mining Inc. (KNT.V) from C$26.00 to C$32.00 in a report on Wednesday, December 10th. Finally, Raymond James Financial upped their price target on shares of K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a report on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$23.41.

K92 Mining Inc. (KNT.V) Price Performance

KNT stock opened at C$7.99 on Tuesday. The stock has a 50-day simple moving average of C$7.99 and a two-hundred day simple moving average of C$7.99. K92 Mining Inc. has a twelve month low of C$1.55 and a twelve month high of C$8.50. The firm has a market capitalization of C$1.63 billion and a PE ratio of 32.48. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93.

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.