Clarus Securities Expects Stronger Earnings for K92 Mining

K92 Mining Inc. (TSE:KNT) – Equities research analysts at Clarus Securities lifted their FY2024 earnings estimates for K92 Mining in a research note issued on Wednesday, January 8th. Clarus Securities analyst V. Arora now forecasts that the company will earn $0.60 per share for the year, up from their previous forecast of $0.40. The consensus estimate for K92 Mining’s current full-year earnings is $0.73 per share. Clarus Securities also issued estimates for K92 Mining’s FY2025 earnings at $0.69 EPS.

K92 Mining Stock Performance

Shares of KNT stock opened at C$9.94 on Monday. The company has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 58.47 and a beta of 1.07. The company has a debt-to-equity ratio of 11.19, a quick ratio of 3.15 and a current ratio of 2.95. The company has a 50-day simple moving average of C$9.01 and a 200 day simple moving average of C$8.41. K92 Mining has a 52 week low of C$5.27 and a 52 week high of C$10.39.

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.