Research Analysts Offer Predictions for K92 Mining Inc.’s Q2 2022 Earnings (TSE:KNT)

K92 Mining Inc. (TSE:KNT – Get Rating) – Analysts at National Bank Financial issued their Q2 2022 earnings per share (EPS) estimates for K92 Mining in a report issued on Tuesday, May 17th. National Bank Financial analyst D. Demarco expects that the company will post earnings per share of $0.09 for the quarter. National Bank Financial also issued estimates for K92 Mining’s Q3 2022 earnings at $0.12 EPS, Q4 2022 earnings at $0.12 EPS and FY2024 earnings at $0.72 EPS.

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

A number of other equities research analysts also recently issued reports on the stock. Pi Financial reissued a “buy” rating on shares of K92 Mining in a report on Monday, May 2nd. Eight Capital upped their price objective on shares of K92 Mining from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Raymond James restated an “outperform” rating and issued a C$10.00 price objective on shares of K92 Mining in a research report on Thursday, February 17th. Canaccord Genuity Group restated a “speculative buy” rating and issued a C$8.75 price objective on shares of K92 Mining in a research report on Monday, January 31st. Finally, BMO Capital Markets upgraded shares of K92 Mining to a “buy” rating and set a C$11.00 price objective on the stock in a research report on Thursday, February 24th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, K92 Mining currently has an average rating of “Buy” and an average price target of C$11.29.

Shares of K92 Mining stock opened at C$8.14 on Thursday. K92 Mining has a 12-month low of C$5.75 and a 12-month high of C$10.52. The company has a market cap of C$1.83 billion and a price-to-earnings ratio of 52.18. The company has a current ratio of 3.68, a quick ratio of 2.86 and a debt-to-equity ratio of 6.26. The company’s 50-day moving average price is C$8.86 and its 200-day moving average price is C$7.91.

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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