Clarus Securities Forecasts Stronger Earnings for K92 Mining

Key Points

• Clarus Securities has raised its earnings per share estimate for K92 Mining to $1.44 for FY2025, an increase from the previous estimate of $1.12, with future forecasts also showing positive growth.
• K92 Mining's stock is currently rated as a Strong Buy by multiple analysts, reflecting a consensus optimism about its future performance.
• Despite a positive forecast, K92 Mining's shares recently saw a 1% decline in value, highlighting potential volatility in its stock performance.

K92 Mining Inc. (TSE:KNT - Free Report) - Stock analysts at Clarus Securities boosted their FY2025 earnings per share estimates for K92 Mining in a research report issued to clients and investors on Wednesday, October 8th. Clarus Securities analyst V. Arora now anticipates that the company will earn $1.44 per share for the year, up from their previous estimate of $1.12. 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 FY2026 earnings at $1.39 EPS, FY2027 earnings at $1.42 EPS and FY2028 earnings at $2.00 EPS.

Separately, National Bank Financial raised shares of K92 Mining to a "strong-buy" rating in a research report on Wednesday, July 9th. Four investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

K92 Mining Stock Down 1.0%

Shares of TSE:KNT opened at C$19.07 on Monday. The company has a market capitalization of C$4.62 billion, a PE ratio of 21.92 and a beta of 0.71. The company has a debt-to-equity ratio of 12.66, a current ratio of 2.83 and a quick ratio of 3.15. The business has a fifty day moving average price of C$16.10 and a two-hundred day moving average price of C$14.69. K92 Mining has a 1 year low of C$8.10 and a 1 year high of C$19.93.

Insider Buying and Selling

In other K92 Mining news, Director Cyndi Dianna Laval sold 9,400 shares of the firm's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of C$17.63, for a total value of C$165,722.00. Following the completion of the transaction, the director directly owned 170,994 shares of the company's stock, valued at C$3,014,624.22. This trade represents a 5.21% decrease in their position. 2.53% of the stock is currently owned by insiders.

K92 Mining Company Profile

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.

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