Scotiabank Has Optimistic View of K92 Mining FY2024 Earnings

K92 Mining Inc. (TSE:KNT) – Equities researchers at Scotiabank upped their FY2024 earnings per share estimates for shares of K92 Mining in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.33 for the year, up from their previous estimate of $0.19. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

K92 Mining Trading Up 2.5 %

Shares of KNT opened at C$9.94 on Monday. The stock’s fifty day simple moving average is C$9.01 and its 200-day simple moving average is C$8.41. The firm has a market capitalization of C$2.36 billion, a PE ratio of 58.47 and a beta of 1.07. K92 Mining has a 12-month low of C$5.27 and a 12-month high of C$10.39. The company has a quick ratio of 3.15, a current ratio of 2.95 and a debt-to-equity ratio of 11.19.

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.