K92 Mining upgraded to Outperform from Sector Perform at National Bank

National Bank transferred coverage of K92 Mining (KNTNF) to analyst Alex Terentiew, who upgraded the stock to Outperform from Sector Perform with a price target of C$22, up from C$17.25. The analyst cited the “magnitude of the upside potential” and the firm’s view on the quality of K92’s Kainantu mine. National Bank sees K92 demonstrating its cash generating potential over the coming months, “driving a higher valuation with the company ultimately returning cash to shareholders.”