K92 Mining Inc. Forecasted to Earn Q2 2022 Earnings of $0.10 Per Share (TSE:KNT)

K92 Mining Inc. (TSE:KNT – Get Rating) – Analysts at Raymond James boosted their Q2 2022 EPS estimates for K92 Mining in a note issued to investors on Monday, May 9th. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of $0.10 for the quarter, up from their previous forecast of $0.09. Raymond James currently has a “Outperform” rating and a $10.00 target price on the stock. Raymond James also issued estimates for K92 Mining’s FY2022 earnings at $0.41 EPS.

K92 Mining (TSE:KNT – Get Rating) last posted its quarterly earnings results on Wednesday, March 30th. The company reported C$0.09 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.02). The company had revenue of C$67.99 million for the quarter, compared to analysts’ expectations of C$82.55 million.

KNT has been the topic of a number of other reports. Pi Financial reissued a “buy” rating on shares of K92 Mining in a research report on Monday, May 2nd. Eight Capital raised their price objective on shares of K92 Mining from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a C$8.75 target price on shares of K92 Mining in a report on Monday, January 31st. Finally, BMO Capital Markets raised shares of K92 Mining to a “buy” rating and set a C$11.00 target price on the stock in a report on Thursday, February 24th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$11.29.

Shares of KNT stock opened at C$8.06 on Thursday. K92 Mining has a one year low of C$5.75 and a one year high of C$10.52. The firm’s 50 day moving average price is C$8.89 and its 200-day moving average price is C$7.90. The firm has a market cap of C$1.81 billion and a P/E ratio of 62.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.19 and a current ratio of 4.69.

About K92 Mining (Get Rating)

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 862 square kilometers located in the Eastern Highlands province of Papua New Guinea.

Featured Stories