Equities Analysts Issue Forecasts for Nevada King Gold Corp.’s FY2024 Earnings (CVE:NKG)

Nevada King Gold Corp. (CVE:NKG) – Equities researchers at Desjardins issued their FY2024 earnings estimates for Nevada King Gold in a research note issued to investors on Tuesday, April 30th. Desjardins analyst J. Sclodnick anticipates that the company will earn ($0.07) per share for the year. Desjardins currently has a “Buy” rating and a $1.00 target price on the stock. Desjardins also issued estimates for Nevada King Gold’s FY2025 earnings at ($0.03) EPS and FY2026 earnings at ($0.03) EPS.

Nevada King Gold Trading Down 7.4 %

Shares of NKG opened at C$0.32 on Friday. The firm has a fifty day simple moving average of C$0.38 and a 200 day simple moving average of C$0.39. The stock has a market capitalization of C$108.20 million, a price-to-earnings ratio of -1.66 and a beta of 1.40. Nevada King Gold has a 12 month low of C$0.28 and a 12 month high of C$0.50.

Nevada King Gold (CVE:NKG) last posted its earnings results on Wednesday, February 28th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01).

About Nevada King Gold

Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. The company explores for gold, silver, iron ore, vanadium, and other base metals. The company was formerly known as Victory Metals Inc and changed its name to Nevada King Gold Corp in April 2021.