FY2024 Earnings Estimate for K92 Mining Issued By Cormark

K92 Mining Inc. (TSE:KNT - Free Report) - Investment analysts at Cormark boosted their FY2024 earnings per share estimates for K92 Mining in a research report issued to clients and investors on Thursday, October 24th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.46 for the year, up from their prior forecast of $0.44. The consensus estimate for K92 Mining's current full-year earnings is $0.73 per share. Cormark also issued estimates for K92 Mining's FY2025 earnings at $0.50 EPS.

K92 Mining (TSE:KNT - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported C$0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.03. K92 Mining had a net margin of 13.24% and a return on equity of 8.25%. The business had revenue of C$65.39 million during the quarter, compared to analysts' expectations of C$78.48 million.

K92 Mining Stock Performance

Shares of KNT traded down C$0.09 during mid-day trading on Monday, reaching C$9.15. 410,564 shares of the company's stock were exchanged, compared to its average volume of 673,614. The business's fifty day simple moving average is C$8.17 and its 200-day simple moving average is C$7.87. The stock has a market capitalization of C$2.17 billion, a PE ratio of 53.82 and a beta of 1.07. K92 Mining has a 52-week low of C$4.64 and a 52-week high of C$9.91. The company has a debt-to-equity ratio of 11.19, a current ratio of 2.95 and a quick ratio of 3.15.

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.