Cormark Issues Optimistic Forecast for K92 Mining Earnings

K92 Mining Inc. (TSE:KNT) – Equities researchers at Cormark lifted their FY2024 earnings per share estimates for shares of K92 Mining in a note issued to investors on Thursday, December 5th. Cormark analyst N. Dion now expects that the company will post earnings per share of $0.52 for the year, up from their previous forecast of $0.51. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

K92 Mining Stock Performance

Shares of KNT stock opened at C$9.23 on Friday. The company has a market capitalization of C$2.19 billion, a P/E ratio of 55.24 and a beta of 1.07. K92 Mining has a fifty-two week low of C$5.26 and a fifty-two 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. The stock has a 50 day moving average price of C$8.90 and a two-hundred day moving average price of C$8.14.

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.