K92 Mining Inc. (OTCMKTS:KNTNF) Given Consensus Recommendation of “Buy” by Brokerages

Shares of K92 Mining Inc. (OTCMKTS:KNTNF) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating.

A number of equities research analysts have issued reports on KNTNF shares. Scotiabank reiterated an “outperform” rating on shares of K92 Mining in a report on Monday. Raymond James Financial restated an “outperform” rating on shares of K92 Mining in a report on Friday, October 10th. BMO Capital Markets reiterated an “outperform” rating on shares of K92 Mining in a research note on Tuesday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of K92 Mining in a research report on Tuesday, January 13th.

K92 Mining Stock Performance

K92 Mining stock traded up $0.14 during midday trading on Tuesday, reaching $20.37. 127,070 shares of the stock traded hands, compared to its average volume of 200,866. The company has a 50-day simple moving average of $16.51 and a two-hundred day simple moving average of $13.57. K92 Mining has a 12-month low of $6.40 and a 12-month high of $20.82.

About K92 Mining

K92 Mining Inc is a Canada-based gold and silver mining company focused on the development and production of high-grade mineral resources at its flagship Kainantu Project in Papua New Guinea. The company’s core activities include open-pit and underground mining, ore processing and metallurgical recovery of gold, silver and copper concentrates. K92’s operations utilize modern mining techniques and state-of-the-art processing facilities to optimize recovery rates and cost efficiencies.

The Kainantu Project was acquired in 2015 and reached commercial production in 2017, quickly earning a reputation for some of the highest-grade gold-silver intercepts globally.