FY2027 Earnings Forecast for K92 Mining Issued By Scotiabank

K92 Mining Inc. (TSE:KNT) – Scotiabank boosted their FY2027 EPS estimates for shares of K92 Mining in a note issued to investors on Wednesday, May 20th. Scotiabank analyst O. Habib now expects that the company will post earnings of $2.50 per share for the year, up from their prior forecast of $2.47. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share.

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

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada upped their price target on shares of K92 Mining from C$36.00 to C$46.00 in a research report on Thursday, March 12th. Raymond James Financial raised their target price on shares of K92 Mining from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Stifel Nicolaus raised their target price on shares of K92 Mining from C$30.00 to C$39.00 in a research note on Tuesday, February 10th. Finally, Desjardins set a C$40.00 price objective on shares of K92 Mining and gave the company a “buy” rating in a 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$38.00.

K92 Mining Price Performance

KNT opened at C$24.62 on Thursday. The company has a debt-to-equity ratio of 5.53, a quick ratio of 3.15 and a current ratio of 4.87. The stock has a market capitalization of C$6.03 billion, a P/E ratio of 19.09 and a beta of 1.72. The company’s 50-day simple moving average is C$24.99 and its two-hundred day simple moving average is C$24.51. K92 Mining has a 52-week low of C$13.32 and a 52-week high of C$33.45.

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.