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Brokers issue forecasts for K92 Mining Inc.’s Q3 2022 earnings

Brokers issue forecasts for K92 Mining Inc.'s Q3 2022 earnings

Equities research analysts at Raymond James cut their Q3 2022 EPS estimates for shares of K92 Mining in a research report issued to clients and investors.

The brokers projects K92 Mining will post earnings of $0.07 per share for the quarter, down from their previous estimate of $0.08. Raymond James analyst C. Stanley states consensus estimate for K92 Mining’s current full-year earnings is $0.46 per share and estimates for K92 Mining’s FY2022 earnings at $0.27 EPS.

K92 Mining Inc

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The firm owns and operates the Kainantu Gold Mine, a high-grade, low cost underground mine in a region known for Tier 1 deposits. K92 is operated by an experienced team of mining company professionals who, combined, have been involved in building over 20 mines and $5 billion in buyouts. The company also produces gold, copper, and silver.

The firm last quarterly earnings report recorded C$0.03 EPS for the quarter and has a revenue of C$47.68 million during the quarter. KNT has been the subject of several other research reports. Eight Capital lifted their price target on K92 Mining from C$12.00 to C$12.80 in a report dated August 11th. Haywood Securities lifted their price target on K92 Mining from C$10.00 to C$11.00 in a report on Thursday, September 22nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, K92 Mining presently has an average rating of “Buy” and an average target price of C$10.71.

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