FY2027 Earnings Forecast for K92 Mining Issued By Scotiabank

K92 Mining Inc. (TSE:KNT) – Investment analysts at Scotiabank upped their FY2027 earnings per share (EPS) estimates for K92 Mining in a report issued on Wednesday, May 20th. Scotiabank analyst O. Habib now anticipates that the company will earn $2.50 per share for the year, up from their prior forecast of $2.47. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

A number of other research analysts have also issued reports on the company. Royal Bank Of Canada increased their target price on K92 Mining from C$36.00 to C$46.00 in a research report on Thursday, March 12th. Stifel Nicolaus increased their price objective on K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Desjardins set a C$40.00 price objective on K92 Mining and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Raymond James Financial increased their price objective on K92 Mining from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$38.00.

K92 Mining Trading Down 0.3%

Shares of TSE:KNT opened at C$24.62 on Thursday. K92 Mining has a 1 year low of C$13.32 and a 1 year high of C$33.45. The firm has a market capitalization of C$6.03 billion, a price-to-earnings ratio of 19.09 and a beta of 1.72. The company has a debt-to-equity ratio of 5.53, a current ratio of 4.87 and a quick ratio of 3.15. The business’s 50 day moving average price is C$24.99 and its 200-day moving average price is C$24.51.

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

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.