Clarus Securities Forecasts Weaker Earnings for K92 Mining

K92 Mining Inc. (TSE:KNT) – Stock analysts at Clarus Securities decreased their FY2024 earnings per share estimates for K92 Mining in a note issued to investors on Monday, October 28th. Clarus Securities analyst V. Arora now expects that the company will earn $0.40 per share for the year, down from their previous estimate of $0.44. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share. Clarus Securities also issued estimates for K92 Mining’s FY2025 earnings at $0.58 EPS and FY2026 earnings at $0.62 EPS.

K92 Mining Stock Down 1.5 %

K92 Mining stock opened at C$9.26 on Wednesday. The company has a debt-to-equity ratio of 11.19, a quick ratio of 3.15 and a current ratio of 2.95. The firm has a market capitalization of C$2.20 billion, a price-to-earnings ratio of 54.47 and a beta of 1.07. K92 Mining has a fifty-two week low of C$4.64 and a fifty-two week high of C$9.91. The stock’s fifty day moving average is C$8.26 and its two-hundred day moving average is C$7.91.

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

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.