FY2026 Earnings Forecast for K92 Mining Issued By Scotiabank

K92 Mining Inc. (TSE:KNT) – Scotiabank cut their FY2026 earnings per share estimates for shares of K92 Mining in a report issued on Tuesday, August 4th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $1.70 for the year, down from their previous forecast of $1.71. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

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

Other analysts also recently issued reports about the company. Desjardins set a C$36.00 price objective on K92 Mining and gave the company a “buy” rating in a report on Monday, July 27th. Stifel Nicolaus upgraded shares of K92 Mining to a “strong-buy” rating in a report on Monday, June 29th. Finally, Raymond James Financial raised their target price on shares of K92 Mining from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$37.20.

K92 Mining Price Performance

KNT opened at C$26.77 on Friday. The company has a market capitalization of C$6.56 billion, a price-to-earnings ratio of 20.75 and a beta of 1.80. The company has a current ratio of 4.87, a quick ratio of 3.15 and a debt-to-equity ratio of 5.53. K92 Mining has a 12-month low of C$14.21 and a 12-month high of C$33.45. The business’s fifty day simple moving average is C$22.78 and its 200-day simple moving average is C$25.10.

Insiders Place Their Bets

In other news, insider Nancy Carol La Couvee sold 6,700 shares of K92 Mining stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$24.26, for a total value of C$162,542.00. Following the transaction, the insider directly owned 55,550 shares in the company, valued at approximately C$1,347,643. This trade represents a 10.76% decrease in their position. Also, insider David Gregory Medilek sold 50,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of C$24.31, for a total value of C$1,215,500.00. Following the completion of the transaction, the insider directly owned 300,000 shares of the company’s stock, valued at approximately C$7,293,000. The trade was a 14.29% decrease in their ownership of the stock. 2.53% of the stock is owned by corporate insiders.

K92 Mining Company Profile

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.