K92 Mining Inc. to Post Q1 2024 Earnings of $0.01 Per Share, Raymond James Forecasts (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Research analysts at Raymond James dropped their Q1 2024 earnings per share (EPS) estimates for K92 Mining in a report issued 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 forecast 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 reiterated a “buy” rating on shares of K92 Mining in a research report on Wednesday, March 6th.

K92 Mining Stock Performance

Shares of TSE KNT opened at C$7.26 on Thursday. The company has a current ratio of 3.07, a quick ratio of 3.15 and a debt-to-equity ratio of 1.87. The stock has a 50 day simple moving average of C$6.44 and a 200-day simple moving average of C$6.07. The company has a market cap of C$1.70 billion, a PE ratio of 48.40 and a beta of 1.02. K92 Mining has a 12-month low of C$4.64 and a 12-month high of C$7.91.

About K92 Mining

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.