Q2 2022 EPS Estimates for K92 Mining Inc. (TSE:KNT) Raised by Analyst

K92 Mining Inc. (TSE:KNT – Get Rating) – Analysts at Raymond James lifted their Q2 2022 earnings per share (EPS) estimates for K92 Mining in a research report issued to clients and investors on Monday, May 9th. Raymond James analyst C. Stanley now forecasts that the company will post earnings of $0.10 per share for the quarter, up from their previous forecast of $0.09. Raymond James has a “Outperform” rating and a $10.00 price objective on the stock. Raymond James also issued estimates for K92 Mining’s FY2022 earnings at $0.41 EPS.

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

KNT has been the subject of a number of other reports. Eight Capital raised their price objective on shares of K92 Mining from C$13.25 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. BMO Capital Markets upgraded shares of K92 Mining to a “buy” rating and set a C$11.00 price target for the company in a research note on Thursday, February 24th. Pi Financial reiterated a “buy” rating on shares of K92 Mining in a research note on Monday, May 2nd. Finally, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a C$8.75 price target on shares of K92 Mining in a research note on Monday, January 31st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, K92 Mining presently has a consensus rating of “Buy” and a consensus target price of C$11.29.

TSE:KNT opened at C$8.18 on Thursday. The firm has a market cap of C$1.83 billion and a P/E ratio of 64.11. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.19 and a current ratio of 4.69. K92 Mining has a fifty-two week low of C$5.75 and a fifty-two week high of C$10.52. The firm has a 50-day simple moving average of C$8.90 and a two-hundred day simple moving average of C$7.88.

About K92 Mining (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 862 square kilometers located in the Eastern Highlands province of Papua New Guinea.

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