Analysts Offer Predictions for K92 Mining Inc.’s Q1 2024 Earnings (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Investment analysts at Desjardins issued their Q1 2024 earnings per share estimates for K92 Mining in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Egilo forecasts that the company will post earnings of $0.07 per share for the quarter. The consensus estimate for K92 Mining’s current full-year earnings is $0.15 per share.

Separately, Pi Financial restated a “buy” rating on shares of K92 Mining in a research note on Wednesday, March 6th.

K92 Mining Price Performance

Shares of TSE KNT opened at C$7.73 on Thursday. The firm has a market capitalization of C$1.82 billion, a P/E ratio of 40.68 and a beta of 1.05. The company has a quick ratio of 3.15, a current ratio of 3.08 and a debt-to-equity ratio of 1.36. The stock’s 50-day simple moving average is C$6.65 and its two-hundred day simple moving average is C$6.21. K92 Mining has a twelve month low of C$4.64 and a twelve month high of C$7.81.

K92 Mining (TSE:KNT) last released its quarterly earnings data on Monday, April 1st. The company reported C$0.12 earnings per share (EPS) for the quarter. K92 Mining had a return on equity of 10.05% and a net margin of 16.56%. The company had revenue of C$102.55 million for the quarter, compared to analyst estimates of C$88.22 million.

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.