K92 Mining Inc. (TSE:KNT) Expected to Earn Q2 2024 Earnings of $0.04 Per Share

K92 Mining Inc. (TSE:KNT) – Stock analysts at National Bank Financial issued their Q2 2024 earnings estimates for K92 Mining in a research note issued to investors on Tuesday, July 16th. National Bank Financial analyst D. Demarco anticipates that the company will post earnings of $0.04 per share for the quarter. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for K92 Mining’s current full-year earnings is $0.19 per share.

K92 Mining Stock Performance

Shares of KNT opened at C$7.96 on Thursday. The company has a current ratio of 2.80, a quick ratio of 3.15 and a debt-to-equity ratio of 0.94. The stock has a market cap of C$1.88 billion, a P/E ratio of 44.22 and a beta of 1.02. The company has a 50-day moving average of C$7.85 and a two-hundred day moving average of C$7.11. K92 Mining has a 12-month low of C$4.64 and a 12-month high of C$8.60.

K92 Mining (TSE:KNT) last announced its earnings results on Monday, May 13th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.04). The business had revenue of C$80.62 million for the quarter, compared to analyst estimates of C$77.68 million. K92 Mining had a return on equity of 9.29% and a net margin of 14.21%.

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 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.