K92 Mining Inc. (TSE:KNT) to Post FY2024 Earnings of $0.44 Per Share, Clarus Securities Forecasts

K92 Mining Inc. (TSE:KNT) – Stock analysts at Clarus Securities boosted their FY2024 earnings per share estimates for shares of K92 Mining in a research note issued to investors on Thursday, October 10th. Clarus Securities analyst V. Arora now expects that the company will post earnings per share of $0.44 for the year, up from their prior forecast of $0.29. The consensus estimate for K92 Mining’s current full-year earnings is $0.66 per share. Clarus Securities also issued estimates for K92 Mining’s FY2025 earnings at $0.63 EPS and FY2026 earnings at $0.97 EPS.

K92 Mining Trading Up 2.4 %

TSE:KNT opened at C$9.45 on Monday. The company has a market cap of C$2.24 billion, a PE ratio of 59.06 and a beta of 1.07. The business’s 50 day moving average is C$7.80 and its two-hundred day moving average is C$7.71. 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 has a 52 week low of C$4.64 and a 52 week high of C$9.66.

K92 Mining (TSE:KNT) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.03. The firm had revenue of C$65.39 million during 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%.

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.