Brokers Set Expectations for K92 Mining Inc.’s Q1 2024 Earnings (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Desjardins issued their Q1 2024 EPS estimates for shares of K92 Mining in a research note issued 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 reiterated a “buy” rating on shares of K92 Mining in a research note on Wednesday, March 6th.

K92 Mining Price Performance

Shares of KNT opened at C$7.69 on Thursday. The firm has a market cap of C$1.81 billion, a PE ratio of 40.47 and a beta of 1.05. The company has a current ratio of 3.08, a quick ratio of 3.15 and a debt-to-equity ratio of 1.36. The firm has a fifty day simple moving average of C$6.63 and a two-hundred day simple moving average of C$6.19. K92 Mining has a 1-year low of C$4.64 and a 1-year high of C$7.74.

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

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.