Stifel Nicolaus Trims K92 Mining Inc. (KNT.V) (CVE:KNT) Target Price to C$12.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price objective reduced by Stifel Nicolaus from C$13.00 to C$12.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. National Bankshares decreased their target price on K92 Mining Inc. (KNT.V) from C$11.50 to C$10.00 and set an outperform rating on the stock in a report on Monday, October 23rd. Cormark decreased their target price on K92 Mining Inc. (KNT.V) from C$14.00 to C$11.00 and set a top pick rating for the company in a research report on Friday, October 13th. Royal Bank of Canada raised K92 Mining Inc. (KNT.V) from a sector perform rating to an outperform rating and raised their target price for the stock from C$9.50 to C$10.00 in a research report on Tuesday, September 12th. Raymond James decreased their target price on K92 Mining Inc. (KNT.V) from C$8.50 to C$7.75 and set an outperform rating for the company in a research report on Monday, November 6th. Finally, Pi Financial decreased their target price on K92 Mining Inc. (KNT.V) from C$11.75 to C$11.00 and set a buy rating for the company in a research report on Thursday, October 26th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of Buy and an average target price of C$9.97.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of CVE KNT opened at C$7.99 on Wednesday. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93. The stock has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. The stock’s fifty day simple moving average is C$7.99 and its 200 day simple moving average is C$7.99. K92 Mining Inc. has a 52-week low of C$1.55 and a 52-week high of C$8.50.

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.