Scotiabank Has Optimistic View of K92 Mining FY2026 Earnings

K92 Mining Inc. (TSE:KNT) – Analysts at Scotiabank increased their FY2026 earnings per share estimates for K92 Mining in a note issued to investors on Friday, April 17th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $1.68 per share for the year, up from their previous estimate of $1.66. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

Several other equities research analysts have also recently issued reports on the company. Royal Bank Of Canada boosted their price target on K92 Mining from C$36.00 to C$46.00 in a research note on Thursday, March 12th. Stifel Nicolaus boosted their price target on K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Finally, Desjardins boosted their price target on K92 Mining from C$35.00 to C$38.50 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of C$38.88.

K92 Mining Trading Up 3.3%

Shares of KNT stock opened at C$26.78 on Wednesday. The company has a current ratio of 3.28, a quick ratio of 3.15 and a debt-to-equity ratio of 7.10. The stock has a market cap of C$6.56 billion, a P/E ratio of 24.13 and a beta of 1.70. The stock has a 50 day simple moving average of C$26.32 and a 200 day simple moving average of C$23.56. K92 Mining has a 1 year low of C$12.06 and a 1 year high of C$33.45.

K92 Mining (TSE:KNT) last issued its quarterly earnings results on Monday, March 2nd. The company reported C$0.49 earnings per share (EPS) for the quarter. The business had revenue of C$234.30 million during the quarter. K92 Mining had a return on equity of 41.72% and a net margin of 45.38%.

K92 Mining Company Profile

K92 Mining Inc is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022.