K92 Mining Inc. Forecasted to Earn Q1 2024 Earnings of $0.07 Per Share (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Analysts at Desjardins issued their Q1 2024 earnings per share (EPS) estimates for K92 Mining in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Egilo forecasts that the company will post earnings of $0.07 per share for the quarter. The consensus estimate for K92 Mining’s current full-year earnings is $0.15 per share.

K92 Mining (TSE:KNT) last issued its quarterly earnings results on Monday, April 1st. The company reported C$0.12 earnings per share for the quarter. K92 Mining had a return on equity of 10.05% and a net margin of 16.56%. The business had revenue of C$102.55 million for the quarter, compared to analyst estimates of C$88.22 million.

Separately, Pi Financial reiterated a “buy” rating on shares of K92 Mining in a research report on Wednesday, March 6th.

K92 Mining Price Performance

Shares of TSE KNT opened at C$7.44 on Thursday. The business’s 50 day moving average price is C$6.60 and its 200 day moving average price is C$6.18. The firm has a market cap of C$1.75 billion, a P/E ratio of 39.16 and a beta of 1.05. K92 Mining has a 52 week low of C$4.64 and a 52 week high of C$7.67. The company has a quick ratio of 3.15, a current ratio of 3.08 and a debt-to-equity ratio of 1.36.

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.