Scotiabank Has Weak Estimate for K92 Mining FY2027 Earnings

K92 Mining Inc. (TSE:KNT) – Equities researchers at Scotiabank reduced their FY2027 earnings estimates for K92 Mining in a research report issued on Wednesday, July 15th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $2.48 for the year, down from their prior estimate of $2.50. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

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

KNT has been the topic of several other reports. Raymond James Financial boosted their target price on K92 Mining from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Stifel Nicolaus upgraded K92 Mining to a “strong-buy” rating in a report on Monday, June 29th. Finally, Desjardins set a C$40.00 price target on K92 Mining and gave the stock a “buy” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, K92 Mining presently has an average rating of “Buy” and a consensus target price of C$38.00.

K92 Mining Stock Up 1.0%

KNT stock opened at C$20.60 on Friday. K92 Mining has a twelve month low of C$14.13 and a twelve month high of C$33.45. The company has a quick ratio of 3.15, a current ratio of 4.87 and a debt-to-equity ratio of 5.53. The firm has a market cap of C$5.05 billion, a PE ratio of 15.97 and a beta of 1.81. The business has a 50 day moving average of C$23.52 and a 200 day moving average of C$25.19.

Insider Activity at K92 Mining

In related news, insider David Gregory Medilek sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of C$24.31, for a total transaction of C$1,215,500.00. Following the completion of the sale, the insider owned 300,000 shares of the company’s stock, valued at C$7,293,000. This trade represents a 14.29% decrease in their ownership of the stock. Also, insider Nancy Carol La Couvee sold 6,700 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$24.26, for a total transaction of C$162,542.00. Following the completion of the transaction, the insider owned 55,550 shares of the company’s stock, valued at approximately C$1,347,643. The trade was a 10.76% decrease in their ownership of the stock. 2.53% of the stock is owned by company insiders.

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.