FY2024 Earnings Forecast for K92 Mining Inc. (TSE:KNT) Issued By Cormark

K92 Mining Inc. (TSE:KNT) – Stock analysts at Cormark increased their FY2024 earnings per share estimates for K92 Mining in a research report issued on Tuesday, May 7th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $0.16 for the year, up from their previous forecast of $0.10. The consensus estimate for K92 Mining’s current full-year earnings is $0.21 per share.

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

K92 Mining Stock Performance

TSE KNT opened at C$7.95 on Thursday. K92 Mining has a twelve month low of C$4.64 and a twelve month high of C$7.95. The company has a quick ratio of 3.15, a current ratio of 3.08 and a debt-to-equity ratio of 1.36. The stock has a market cap of C$1.87 billion, a P/E ratio of 41.84 and a beta of 1.05. The company’s 50-day simple moving average is C$6.89 and its 200 day simple moving average is C$6.32.

K92 Mining (TSE:KNT) last announced its quarterly earnings data on Monday, April 1st. The company reported C$0.12 earnings per share (EPS) for the quarter. The company had revenue of C$102.55 million during the quarter, compared to analysts’ expectations of C$88.22 million. K92 Mining had a net margin of 16.56% and a return on equity of 10.05%.

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.