Cormark Issues Optimistic Forecast for K92 Mining Earnings

K92 Mining Inc. (TSE:KNT) – Equities researchers at Cormark boosted their FY2024 EPS estimates for shares of K92 Mining in a note issued to investors on Friday, November 15th. Cormark analyst N. Dion now forecasts that the company will post earnings of $0.51 per share for the year, up from their previous estimate of $0.46. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

K92 Mining Stock Performance

Shares of K92 Mining stock opened at C$8.95 on Monday. The company’s 50 day moving average price is C$8.68 and its two-hundred day moving average price is C$8.04. The firm has a market capitalization of C$2.13 billion, a P/E ratio of 52.65 and a beta of 1.07. The company has a debt-to-equity ratio of 11.19, a current ratio of 2.95 and a quick ratio of 3.15. K92 Mining has a fifty-two week low of C$5.21 and a fifty-two week high of C$9.91.

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 approximately 836 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.