Ventum Financial Boosts K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$29.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target hoisted by equities researchers at Ventum Financial from C$24.00 to C$29.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s price objective suggests a potential upside of 262.95% from the company’s previous close.

KNT has been the subject of a number of other reports. Desjardins set a C$26.00 price objective on shares of K92 Mining Inc. (KNT.V) and gave the stock a “buy” rating in a report on Friday, November 28th. Canaccord Genuity Group lifted their target price 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. Raymond James Financial boosted their price target on K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a research note on Friday, October 10th. Finally, Royal Bank Of Canada upped their price target on K92 Mining Inc. (KNT.V) from C$26.00 to C$32.00 in a report on Wednesday, December 10th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$23.41.

K92 Mining Inc. (KNT.V) Price Performance

Shares of K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Tuesday. The company has a 50-day simple moving average of C$7.99 and a two-hundred day simple moving average of C$7.99. The stock has a market capitalization of C$1.63 billion and a PE ratio of 32.48. K92 Mining Inc. has a 52-week low of C$1.55 and a 52-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.

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.