Raymond James Equities Analysts Reduce Earnings Estimates for K92 Mining Inc. (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Equities researchers at Raymond James decreased their Q1 2024 EPS estimates for K92 Mining in a report released on Monday, April 8th. Raymond James analyst C. Stanley now anticipates that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.11. The consensus estimate for K92 Mining’s current full-year earnings is $0.17 per share. Raymond James also issued estimates for K92 Mining’s Q2 2024 earnings at $0.03 EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS and FY2024 earnings at $0.15 EPS.

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

K92 Mining Stock Down 0.6 %

TSE:KNT opened at C$7.22 on Thursday. K92 Mining has a 1-year low of C$4.64 and a 1-year high of C$7.91. The company has a 50-day moving average of C$6.45 and a 200 day moving average of C$6.08. The firm has a market cap of C$1.69 billion, a PE ratio of 48.13 and a beta of 1.02. The company has a debt-to-equity ratio of 1.87, a current ratio of 3.07 and a quick ratio of 3.15.

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 836.8 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.