National Bank Financial Predicts K92 Mining Q3 Earnings

K92 Mining Inc. (TSE:KNT) – Investment analysts at National Bank Financial increased their Q3 2024 earnings estimates for K92 Mining in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.28 per share for the quarter, up from their prior forecast of $0.14. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for K92 Mining’s FY2024 earnings at $0.54 EPS.

K92 Mining Trading Down 1.7 %

Shares of KNT stock opened at C$9.24 on Friday. K92 Mining has a 12-month low of C$4.64 and a 12-month high of C$9.91. The company has a market capitalization of C$2.19 billion, a PE ratio of 54.35 and a beta of 1.07. The firm has a 50 day moving average price of C$8.15 and a two-hundred day moving average price of C$7.85. The company has a quick ratio of 3.15, a current ratio of 2.95 and a debt-to-equity ratio of 11.19.

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

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.