Clarus Securities Equities Analysts Raise Earnings Estimates for K92 Mining Inc. (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Equities researchers at Clarus Securities lifted their FY2024 EPS estimates for K92 Mining in a note issued to investors on Thursday, October 10th. Clarus Securities analyst V. Arora now expects that the company will post earnings per share of $0.44 for the year, up from their previous forecast of $0.29. The consensus estimate for K92 Mining’s current full-year earnings is $0.66 per share. Clarus Securities also issued estimates for K92 Mining’s FY2025 earnings at $0.63 EPS and FY2026 earnings at $0.97 EPS.

K92 Mining (TSE:KNT) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.03 earnings per share for the quarter, hitting the consensus estimate of C$0.03. The firm had revenue of C$65.39 million for the quarter, compared to the consensus estimate of C$78.48 million. K92 Mining had a net margin of 13.24% and a return on equity of 8.25%.

K92 Mining Stock Performance

TSE:KNT opened at C$9.23 on Monday. The company’s 50-day moving average price is C$7.76 and its 200-day moving average price is C$7.69. The company has a current ratio of 2.95, a quick ratio of 3.15 and a debt-to-equity ratio of 11.19. The company has a market cap of C$2.19 billion, a P/E ratio of 57.69 and a beta of 1.07. K92 Mining has a twelve month low of C$4.64 and a twelve month high of C$9.38.

K92 Mining Company Profile

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.