Clarus Securities Reduces Earnings Estimates for K92 Mining

K92 Mining Inc. (TSE:KNT) – Analysts at Clarus Securities reduced their FY2024 EPS estimates for K92 Mining in a research report issued to clients and investors on Monday, October 28th. Clarus Securities analyst V. Arora now anticipates that the company will post earnings of $0.40 per share for the year, down from their previous forecast of $0.44. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share. Clarus Securities also issued estimates for K92 Mining’s FY2025 earnings at $0.58 EPS and FY2026 earnings at $0.62 EPS.

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

K92 Mining Trading Down 1.8 %

Shares of K92 Mining stock opened at C$9.40 on Wednesday. The firm has a 50-day moving average of C$8.24 and a 200-day moving average of C$7.90. The stock has a market cap of C$2.23 billion, a PE ratio of 55.29 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 quick ratio of 3.15 and a current ratio of 2.95.

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.