TD Securities Raises K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$33.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price upped by analysts at TD Securities from C$23.00 to C$33.00 in a report issued on Thursday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 313.02% from the stock’s previous close.

KNT has been the topic of several other reports. Ventum Financial increased their target price on shares of K92 Mining Inc. (KNT.V) from C$24.00 to C$29.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Canaccord Genuity Group upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$24.75 to C$25.50 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Desjardins set a C$26.00 target price on K92 Mining Inc. (KNT.V) and gave the stock a “buy” rating in a report on Friday, November 28th. Royal Bank Of Canada boosted their target price on K92 Mining Inc. (KNT.V) from C$32.00 to C$36.00 and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Finally, Raymond James Financial lifted their price objective on K92 Mining Inc. (KNT.V) from C$18.00 to C$21.00 in a report on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$25.28.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of CVE:KNT remained flat at C$7.99 during mid-day trading on Thursday. 337,797 shares of the company were exchanged, compared to its average volume of 1,128,356. The company has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48. The stock has a fifty day moving average of C$7.99 and a 200 day moving average of C$7.99. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. K92 Mining Inc. has a 1-year low of C$1.55 and a 1-year 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.