Scotiabank Forecasts K92 Mining’s FY2027 Earnings (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Analysts at Scotiabank dropped their FY2027 EPS estimates for K92 Mining in a report issued on Wednesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $2.48 for the year, down from their prior estimate of $2.50. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

KNT has been the topic of several other reports. Desjardins set a C$40.00 price target on shares of K92 Mining and gave the stock a “buy” rating in a report on Thursday, April 23rd. Stifel Nicolaus upgraded shares of K92 Mining to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Raymond James Financial upped their target price on K92 Mining from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$38.00.

K92 Mining Price Performance

KNT opened at C$20.40 on Friday. The business’s 50-day moving average is C$23.64 and its two-hundred day moving average is C$25.22. The company has a debt-to-equity ratio of 5.53, a current ratio of 4.87 and a quick ratio of 3.15. K92 Mining has a 1 year low of C$14.13 and a 1 year high of C$33.45. The firm has a market capitalization of C$5.00 billion, a PE ratio of 15.81 and a beta of 1.81.

K92 Mining (TSE:KNT) last issued its quarterly earnings data on Monday, May 11th. The company reported C$0.65 earnings per share (EPS) for the quarter. K92 Mining had a net margin of 46.05% and a return on equity of 42.98%. The company had revenue of C$328.50 million for the quarter.

Insider Transactions at K92 Mining

In other news, insider David Gregory Medilek sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of C$24.31, for a total transaction of C$1,215,500.00. Following the completion of the sale, the insider owned 300,000 shares of the company’s stock, valued at C$7,293,000. The trade was a 14.29% decrease in their ownership of the stock. Also, insider Nancy Carol La Couvee sold 6,700 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$24.26, for a total transaction of C$162,542.00. Following the transaction, the insider owned 55,550 shares of the company’s stock, valued at approximately C$1,347,643. This trade represents a 10.76% decrease in their position. 2.53% of the stock is owned by insiders.

About K92 Mining

K92 Mining Inc is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022.