FY2027 Earnings Estimate for K92 Mining Issued By Scotiabank

K92 Mining Inc. (TSE:KNT) – Investment analysts at Scotiabank reduced their FY2027 earnings estimates for K92 Mining in a research report issued to clients and investors on Wednesday, July 15th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $2.48 for the year, down from their prior estimate of $2.50. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

Several other equities research analysts have also commented on KNT. Stifel Nicolaus upgraded K92 Mining to a “strong-buy” rating in a research note on Monday, June 29th. Desjardins set a C$40.00 price target on K92 Mining and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Raymond James Financial upped their price target on K92 Mining from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, K92 Mining has an average rating of “Buy” and an average price target of C$38.00.

K92 Mining Trading Up 1.0%

Shares of K92 Mining stock opened at C$20.60 on Friday. The company’s fifty day simple moving average is C$23.52 and its 200-day simple moving average is C$25.19. The stock has a market capitalization of C$5.05 billion, a PE ratio of 15.97 and a beta of 1.81. K92 Mining has a 1-year low of C$14.13 and a 1-year high of C$33.45. The company has a debt-to-equity ratio of 5.53, a current ratio of 4.87 and a quick ratio of 3.15.

K92 Mining (TSE:KNT) last announced its earnings results on Monday, May 11th. The company reported C$0.65 earnings per share (EPS) for the quarter. K92 Mining had a net margin of 46.05% and a return on equity of 42.98%. The company had revenue of C$328.50 million during the quarter.

Insider Activity

In related news, insider David Gregory Medilek sold 50,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of C$24.31, for a total transaction of C$1,215,500.00. Following the completion of the sale, the insider owned 300,000 shares in the company, valued at approximately C$7,293,000. This trade represents a 14.29% decrease in their ownership of the stock. Also, insider Nancy Carol La Couvee sold 6,700 shares of K92 Mining stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$24.26, for a total value of C$162,542.00. Following the sale, the insider directly owned 55,550 shares in the company, valued at C$1,347,643. This trade represents a 10.76% decrease in their position. Company insiders own 2.53% of the company’s stock.

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.