Ventum Cap Mkts Brokers Cut Earnings Estimates for K92 Mining Inc. (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Investment analysts at Ventum Cap Mkts decreased their FY2024 earnings per share (EPS) estimates for K92 Mining in a research note issued to investors on Monday, May 6th. Ventum Cap Mkts analyst A. Terentiew now forecasts that the company will post earnings of $0.19 per share for the year, down from their previous forecast of $0.21. The consensus estimate for K92 Mining’s current full-year earnings is $0.21 per share.

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

K92 Mining Stock Performance

KNT stock opened at C$7.84 on Thursday. K92 Mining has a 1-year low of C$4.64 and a 1-year high of C$7.93. The business has a 50-day moving average price of C$6.84 and a 200 day moving average price of C$6.31. The company has a market capitalization of C$1.84 billion, a P/E ratio of 41.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.36, a current ratio of 3.08 and a quick ratio of 3.15.

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

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.