FY2026 EPS Estimates for K92 Mining Decreased by Scotiabank

K92 Mining Inc. (TSE:KNT) – Investment analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for K92 Mining in a research note issued on Tuesday, July 7th. Scotiabank analyst O. Habib now expects that the company will post earnings of $1.67 per share for the year, down from their previous forecast of $1.74. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus upgraded shares of K92 Mining to a “strong-buy” rating in a report on Monday, June 29th. Raymond James Financial lifted their price target on shares of 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. Desjardins set a C$40.00 price target on shares of K92 Mining and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada upped their price objective on shares of K92 Mining from C$36.00 to C$46.00 in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$38.00.

K92 Mining Stock Down 0.8%

KNT stock opened at C$21.78 on Thursday. The company has a current ratio of 4.87, a quick ratio of 3.15 and a debt-to-equity ratio of 5.53. K92 Mining has a twelve month low of C$14.13 and a twelve month high of C$33.45. The company’s 50 day moving average is C$24.04 and its two-hundred day moving average is C$25.30. The stock has a market cap of C$5.34 billion, a P/E ratio of 16.88 and a beta of 1.81.

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

Insider Activity at K92 Mining

In other K92 Mining news, insider David Gregory Medilek sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of C$24.31, for a total value of C$1,215,500.00. Following the completion of the sale, the insider owned 300,000 shares in the company, valued at approximately 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 business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$24.26, for a total value of C$162,542.00. Following the completion of the sale, the insider owned 55,550 shares of the company’s stock, valued at approximately C$1,347,643. This represents a 10.76% decrease in their position. Insiders own 2.53% of the company’s stock.

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.