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

K92 Mining Inc. (TSE:KNT) – Scotiabank decreased their FY2027 earnings estimates for shares of K92 Mining in a report issued on Friday, September 25th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $2.28 for the year, down from their previous estimate of $2.48. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

K92 Mining (TSE:KNT) last released its quarterly earnings results on Monday, August 10th. The company reported C$0.48 EPS for the quarter. The company had revenue of C$291.61 million for the quarter. K92 Mining had a net margin of 45.48% and a return on equity of 43.29%.

KNT has been the topic of a number of other research reports. Desjardins set a C$36.00 price objective on K92 Mining and gave the stock a “buy” rating in a research note on Monday, July 27th. Stifel Nicolaus upgraded K92 Mining to a “strong-buy” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$37.20.

K92 Mining Trading Up 1.5%

K92 Mining stock opened at C$28.16 on Monday. K92 Mining has a 12-month low of C$16.56 and a 12-month high of C$33.45. The company has a debt-to-equity ratio of 4.48, a current ratio of 5.38 and a quick ratio of 3.15. The stock has a market capitalization of C$6.92 billion, a PE ratio of 19.16 and a beta of 1.98. The firm has a 50 day simple moving average of C$27.79 and a 200-day simple moving average of C$25.28.

K92 Mining Company Profile

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.