K92 Mining upgraded to "outperform" RBC Capital Markets analysts see a more "constructive" outlook for gold equities after raising both their short- and long-term price assumptions for the precious metal on Tuesday. RBC analyst Wayne Lam elevated his call for K92 Mining to "outperform" from "sector perform." Mr. Lam gave his share target a 50-cent boost to $10. Analysts on average target the shares at $11.58. Mr. Lam says in a note: "In our view, risk/reward for shares is at an attractive level with upcoming derisking elements that could serve as potential catalysts. Overall, we view K92 Mining as providing substantial growth via lower-capital Stage 3 and 4 expansions alongside an aggressive exploration program that could continue to unlock upside in the months ahead." On Oct. 4, Mr. Lam began coverage on K92 Mining with a "sector perform" ranking and a $9.50 share target. The shares could then be had for $8.19. On June 2 that Raymond James analysts recommended K92 Mining for its growth potential and exploration opportunities. The shares could then be had for $5.95.