FY2027 Earnings Forecast for K92 Mining Issued By Scotiabank

K92 Mining Inc. (TSE:KNT) – Scotiabank decreased their FY2027 EPS 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 of $2.28 per share for the year, down from their prior estimate of $2.48. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

Other research analysts have also issued research reports about the company. Desjardins set a C$36.00 target price on K92 Mining and gave the stock a “buy” rating in a research report on Monday, July 27th. Stifel Nicolaus upgraded K92 Mining to a “strong-buy” rating in a research 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. According to MarketBeat, K92 Mining presently has an average rating of “Buy” and a consensus target price of C$37.20.

K92 Mining Stock Performance

K92 Mining stock opened at C$27.75 on Monday. The stock’s 50 day simple moving average is C$27.66 and its two-hundred day simple moving average is C$25.27. The company has a debt-to-equity ratio of 4.48, a quick ratio of 3.15 and a current ratio of 5.38. The stock has a market cap of C$6.82 billion, a price-to-earnings ratio of 18.88 and a beta of 1.98. K92 Mining has a fifty-two week low of C$16.56 and a fifty-two week high of C$33.45.

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