Ventum Cap Mkts Weighs in on K92 Mining Inc.’s FY2024 Earnings (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Investment analysts at Ventum Cap Mkts boosted their FY2024 EPS estimates for shares of K92 Mining in a research note issued to investors on Wednesday, June 19th. Ventum Cap Mkts analyst A. Terentiew now expects that the company will earn $0.25 per share for the year, up from their previous estimate of $0.19. The consensus estimate for K92 Mining’s current full-year earnings is $0.19 per share. Ventum Cap Mkts also issued estimates for K92 Mining’s FY2025 earnings at $0.58 EPS, FY2026 earnings at $1.17 EPS and FY2027 earnings at $1.58 EPS.

Several other research firms also recently weighed in on KNT. Pi Financial restated a “buy” rating on shares of K92 Mining in a research note on Wednesday, March 6th. National Bank Financial downgraded K92 Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 15th.

K92 Mining Trading Down 3.1 %

K92 Mining stock opened at C$7.55 on Monday. The firm has a 50 day moving average of C$7.66 and a 200 day moving average of C$6.86. The firm has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 41.94 and a beta of 1.02. K92 Mining has a 12-month low of C$4.64 and a 12-month high of C$8.16. The company has a current ratio of 2.80, a quick ratio of 3.15 and a debt-to-equity ratio of 0.94.

K92 Mining (TSE:KNT) last released its earnings results on Monday, May 13th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.04). The firm had revenue of C$80.62 million during the quarter, compared to analysts’ expectations of C$77.68 million. K92 Mining had a return on equity of 9.29% and a net margin of 14.21%.

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.