FY2024 Earnings Forecast for K92 Mining Inc. Issued By Ventum Cap Mkts (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Research analysts at Ventum Cap Mkts cut their FY2024 earnings estimates for shares of K92 Mining in a note issued to investors on Thursday, July 11th. Ventum Cap Mkts analyst A. Terentiew now expects that the company will earn $0.22 per share for the year, down from their prior estimate of $0.25. The consensus estimate for K92 Mining’s current full-year earnings is $0.19 per share.

K92 Mining (TSE:KNT) last released its earnings results on Monday, May 13th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.04). The business had revenue of C$80.62 million during the quarter, compared to the consensus estimate of C$77.68 million. K92 Mining had a net margin of 14.21% and a return on equity of 9.29%.

Separately, National Bank Financial downgraded shares of K92 Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 15th.

K92 Mining Price Performance

K92 Mining stock opened at C$8.58 on Monday. The company has a current ratio of 2.80, a quick ratio of 3.15 and a debt-to-equity ratio of 0.94. The business’s 50 day simple moving average is C$7.81 and its 200 day simple moving average is C$7.06. K92 Mining has a 12 month low of C$4.64 and a 12 month high of C$8.60. The company has a market cap of C$2.03 billion, a price-to-earnings ratio of 47.67 and a beta of 1.02.

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.