Cormark Has Positive Estimate for K92 Mining FY2025 Earnings

Key Points

• Cormark has revised its FY2025 earnings per share estimate for K92 Mining from $1.15 to $1.35, indicating a positive outlook for the company.
• K92 Mining's stock received an upgrade to a "strong-buy" rating from National Bank Financial, contributing to its consensus rating of "Strong Buy" among analysts.
• The company's Kainantu Gold Mine is currently producing approximately 120,000 oz AuEq annually, with expectations to increase to over 300,000 oz AuEq following a significant expansion.

K92 Mining Inc. (TSE:KNT - Free Report) - Cormark boosted their FY2025 earnings per share estimates for shares of K92 Mining in a report released on Thursday, October 9th. Cormark analyst N. Dion now anticipates that the company will earn $1.35 per share for the year, up from their previous estimate of $1.15. The consensus estimate for K92 Mining's current full-year earnings is $0.73 per share.

Separately, National Bank Financial upgraded K92 Mining to a "strong-buy" rating in a research note on Wednesday, July 9th. Four research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, K92 Mining has a consensus rating of "Strong Buy".

K92 Mining Stock Performance

K92 Mining stock opened at C$19.27 on Friday. The stock has a market cap of C$4.67 billion, a P/E ratio of 22.15 and a beta of 0.71. The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66. The stock has a 50 day moving average of C$16.00 and a 200-day moving average of C$14.60. K92 Mining has a 52 week low of C$8.10 and a 52 week high of C$19.72.

About K92 Mining

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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