K92 Mining Inc. (TSE:KNT) Expected to Post FY2022 Earnings of $0.37 Per Share

K92 Mining Inc. (TSE:KNT – Get Rating) – Analysts at Cormark cut their FY2022 earnings per share (EPS) estimates for K92 Mining in a note issued to investors on Wednesday, April 13th. Cormark analyst N. Dion now expects that the company will post earnings per share of $0.37 for the year, down from their prior forecast of $0.38.

Several other research firms have also recently weighed in on KNT. Raymond James reaffirmed an “outperform” rating and issued a C$10.00 price target on shares of K92 Mining in a report on Thursday, February 17th. BMO Capital Markets raised K92 Mining to a “buy” rating and set a C$11.00 price objective on the stock in a report on Thursday, February 24th. Finally, Canaccord Genuity Group reissued a “speculative buy” rating and set a C$8.75 price objective on shares of K92 Mining in a report on Monday, January 31st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$10.86.

TSE:KNT opened at C$10.08 on Thursday. The business’s 50-day moving average price is C$8.29 and its two-hundred day moving average price is C$7.48. K92 Mining has a twelve month low of C$5.75 and a twelve month high of C$10.16. The stock has a market cap of C$2.26 billion and a P/E ratio of 80.00. The company has a quick ratio of 3.19, a current ratio of 4.69 and a debt-to-equity ratio of 0.79.

K92 Mining (TSE:KNT – Get Rating) last released its quarterly earnings results on Wednesday, March 30th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate of C$0.11 by C($0.02). The business had revenue of C$67.99 million during the quarter, compared to analysts’ expectations of C$82.55 million.

K92 Mining Company Profile (Get Rating)

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. K92 Mining Inc is headquartered in Vancouver, Canada.

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