K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$19.00 at Stifel Nicolaus

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price boosted by research analysts at Stifel Nicolaus from C$17.50 to C$19.00 in a research note issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 137.80% from the stock’s previous close.

KNT has been the subject of several other reports. National Bankshares boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.75 to C$12.75 and gave the company a “sector perform” rating in a research report on Wednesday, March 19th. Scotiabank increased their price target on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, January 15th. Raymond James upped their price target on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research report on Friday, April 4th. Finally, Royal Bank of Canada raised their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$15.00 in a report on Friday, April 4th.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE:KNT remained flat at C$7.99 during midday trading on Monday. The company had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. 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 company’s fifty day moving average is C$7.99 and its 200 day moving average is C$7.99. The firm has a market capitalization of C$1.63 billion and a PE ratio of 32.48. K92 Mining Inc. has a twelve month low of C$1.55 and a twelve month high of C$8.50.

Insiders Place Their Bets

In related news, Director Mark Price Eaton sold 34,081 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of C$12.16, for a total value of C$414,322.72. Also, Director Saurabh Handa sold 50,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of C$11.95, for a total transaction of C$597,500.00. Over the last 90 days, insiders sold 152,781 shares of company stock worth $1,684,245.

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.