Clarus Securities Equities Analysts Lower Earnings Estimates for K92 Mining Inc. (TSE:KNT)

K92 Mining Inc. (TSE:KNT) – Research analysts at Clarus Securities lowered their FY2021 earnings estimates for shares of K92 Mining in a report released on Wednesday, January 12th. Clarus Securities analyst V. Arora now forecasts that the company will post earnings per share of $0.14 for the year, down from their prior estimate of $0.15. Clarus Securities also issued estimates for K92 Mining’s FY2023 earnings at $0.56 EPS and FY2024 earnings at $1.09 EPS.

K92 Mining (TSE:KNT) last announced its quarterly earnings data on Monday, November 15th. The company reported C$0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.02). The business had revenue of C$44.54 million for the quarter, compared to the consensus estimate of C$44.64 million.

Other research analysts have also issued reports about the stock. Raymond James reissued an “outperform” rating and set a C$10.00 price objective on shares of K92 Mining in a report on Wednesday. National Bank Financial reaffirmed an “outperform overweight” rating on shares of K92 Mining in a report on Thursday, October 7th. National Bankshares reaffirmed a “buy” rating and issued a C$11.75 price target on shares of K92 Mining in a report on Tuesday, October 19th. Finally, Desjardins reaffirmed a “buy” rating on shares of K92 Mining in a report on Thursday, November 25th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$11.21.

Shares of KNT stock opened at C$7.00 on Thursday. The firm has a market cap of C$1.55 billion and a P/E ratio of 54.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.69 and a quick ratio of 3.19. K92 Mining has a 1-year low of C$5.75 and a 1-year high of C$9.36. The firm has a fifty day moving average of C$7.40 and a two-hundred day moving average of C$7.53.

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. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. K92 Mining Inc is headquartered in Vancouver, Canada.

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Earnings History and Estimates for K92 Mining (TSE:KNT)

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