Cormark Weighs in on K92 Mining Inc’s Q3 2019 Earnings (CVE:KNT)

K92 Mining Inc (CVE:KNT) – Equities researchers at Cormark dropped their Q3 2019 EPS estimates for shares of K92 Mining in a research note issued on Tuesday, October 8th. Cormark analyst T. Breytenbach now forecasts that the company will post earnings per share of $0.03 for the quarter, down from their prior estimate of $0.04. Cormark also issued estimates for K92 Mining’s Q4 2019 earnings at $0.03 EPS, FY2019 earnings at $0.16 EPS, Q2 2020 earnings at $0.11 EPS, Q3 2020 earnings at $0.12 EPS, Q4 2020 earnings at $0.12 EPS and FY2020 earnings at $0.44 EPS.

K92 Mining (CVE:KNT) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$31.16 million for the quarter.

Several other equities analysts have also recently weighed in on the company. Eight Capital set a C$4.50 price objective on K92 Mining and gave the company a “buy” rating in a research note on Monday, September 9th. Pi Financial raised their price objective on K92 Mining from C$2.25 to C$3.00 in a research note on Friday, August 9th. Finally, Clarus Securities restated a “buy” rating on shares of K92 Mining in a research note on Wednesday, August 7th.

Shares of CVE:KNT opened at C$2.35 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 4.55. The stock’s fifty day simple moving average is C$2.09 and its two-hundred day simple moving average is C$1.89. K92 Mining has a 1-year low of C$0.67 and a 1-year high of C$2.67. The stock has a market cap of $471.70 million and a PE ratio of 11.46.

K92 Mining Company Profile

K92 Mining Inc engages in the exploration, development, and mining of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver concentrates. Its principal property is the Kainantu gold mine that includes the Irumafimpa and Kora deposits covering an area of approximately 410 square kilometers located in the Eastern Highlands province.

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Earnings History and Estimates for K92 Mining (CVE:KNT)

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