Royal Bank Of Canada Increases K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$36.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target lifted by analysts at Royal Bank Of Canada from C$32.00 to C$36.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 350.56% from the company’s current price.

KNT has been the topic of a number of other reports. Raymond James Financial upped their target price on shares of K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a research note on Friday, October 10th. Ventum Financial boosted their price target on K92 Mining Inc. (KNT.V) from C$24.00 to C$29.00 and gave the company a “buy” rating in a report on Tuesday. Canaccord Genuity Group raised their price objective on K92 Mining Inc. (KNT.V) from C$24.75 to C$25.50 and gave the stock a “buy” rating in a report on Tuesday. Finally, Desjardins set a C$26.00 target price on K92 Mining Inc. (KNT.V) and gave the company a “buy” rating in a research report on Friday, November 28th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, K92 Mining Inc. (KNT.V) has an average rating of “Moderate Buy” and a consensus price target of C$23.41.

K92 Mining Inc. (KNT.V) Price Performance

Shares of KNT opened at C$7.99 on Tuesday. The firm has a fifty day moving average price of C$7.99 and a 200-day moving average price of C$7.99. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. The firm has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month high of C$8.50.

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.