Q1 2024 EPS Estimates for K92 Mining Inc. (TSE:KNT) Raised by Analyst

K92 Mining Inc. (TSE:KNT) – Equities researchers at Raymond James raised their Q1 2024 earnings per share estimates for K92 Mining in a note issued to investors on Tuesday, April 23rd. Raymond James analyst C. Stanley now expects that the company will earn $0.04 per share for the quarter, up from their previous forecast of $0.01. The consensus estimate for K92 Mining’s current full-year earnings is $0.15 per share. Raymond James also issued estimates for K92 Mining’s Q3 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.08 EPS and FY2024 earnings at $0.22 EPS.

Separately, Pi Financial reaffirmed a “buy” rating on shares of K92 Mining in a research report on Wednesday, March 6th.

K92 Mining Price Performance

K92 Mining stock opened at C$7.73 on Friday. K92 Mining has a 12 month low of C$4.64 and a 12 month high of C$7.81. The stock’s 50 day moving average is C$6.65 and its 200-day moving average is C$6.21. The company has a current ratio of 3.08, a quick ratio of 3.15 and a debt-to-equity ratio of 1.36. The company has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 40.68 and a beta of 1.05.

K92 Mining (TSE:KNT) last posted its earnings results on Monday, April 1st. The company reported C$0.12 EPS for the quarter. K92 Mining had a return on equity of 10.05% and a net margin of 16.56%. The company had revenue of C$102.55 million for the quarter, compared to the consensus estimate of C$88.22 million.

About K92 Mining

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. The company's mineral properties include the Kainantu gold mine project that covers an area of approximately 836 square kilometers located in the Eastern Highlands province of Papua New Guinea; and the Blue Lake gold-copper porphyry deposit located in the southwest of the Kora and Judd intrusion.