TD Securities Boosts K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$18.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective lifted by equities research analysts at TD Securities from C$17.00 to C$18.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 125.28% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. National Bankshares lifted 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 note on Wednesday, March 19th. Stifel Nicolaus lifted their price target on K92 Mining Inc. (KNT.V) from C$17.50 to C$19.00 in a research report on Monday, April 21st. Raymond James Financial boosted their price objective on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research note on Friday, April 4th. Finally, Royal Bank Of Canada lifted their target price on K92 Mining Inc. (KNT.V) from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$14.68.

K92 Mining Inc. (KNT.V) Price Performance

CVE:KNT remained flat at C$7.99 on Monday. 337,797 shares of the company’s stock were exchanged, compared to its average volume of 1,128,356. The firm has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. 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 has a 50 day moving average of C$7.99 and a two-hundred day moving average of C$7.99. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month high of C$8.50.

Insider Buying and Selling

In other news, Senior Officer David Gregory Medilek sold 80,000 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of C$12.95, for a total value of C$1,035,680.00. Also, Director Cyndi Dianna Laval sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of C$12.91, for a total value of C$258,120.00. Over the last three months, insiders have sold 288,081 shares of company stock worth $3,806,763.

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.