K92 Mining's second-quarter earnings reveal a mixed performance, with record production overshadowed by an earnings miss.
K92 Mining Inc. (KNT.TO) reported its Q2 2026 earnings on August 10, 2026, showing strong production and revenue growth but falling short of earnings expectations. The company's EPS for the quarter was $0.4771, missing the consensus estimate of $0.52 by 8.25%. This earnings miss raises questions, especially given the record operational metrics and ambitious growth plans.
Recent earnings trend
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K92 Mining Inc
KNT.TO
KNT.TO
K92 Mining Inc
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Market cap
$7.03B
P/E
15.8x
52W high
$33.45
52W low
$14.21
1W change
+17.57%
Beta
1.30
Analyst Price Targets
Based on analyst covering KNT
Wall Street analysts forecast KNT stock price to rise 20.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$34.40
+20.4% Upside
Current Price
C$28.57
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on KNT's historical volatility
30-Day Vol
54.9%
Annualized
90-Day Vol
54.2%
Annualized
Trend (90d)
+17.3%
Annualized drift
90d Mean
C$30.39
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$29.16 | C$24.13 – C$35.24 |
| 60 trading days | C$29.77 | C$22.78 – C$38.91 |
| 90 trading days | C$30.39 | C$21.89 – C$42.18 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 2 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-10 | 0.4771 | 0.5200 | -8.3% |
| 2026-03-31 | 2026-05-11 | 0.6452 | 0.6300 | +2.4% |
| 2025-12-31 | 2026-03-02 | 0.4300 | 0.4600 | -6.5% |
| 2025-09-30 | 2025-11-10 | 0.5000 | 0.4100 | +22.0% |
| 2025-06-30 | 2025-08-11 | 0.2300 | 0.2000 | +15.0% |
| 2025-03-31 | 2025-05-12 | 0.4100 | 0.3100 | +32.3% |
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Investor takeaway: Despite the earnings miss, K92's solid production figures and significant cash position suggest the company is still on a strong growth path. Investors should keep an eye on the long-term potential of its expansion projects and solid operational performance.
K92 Mining's Q2 EPS at $0.4771 vs. $0.52 Estimate
The 8.25% earnings miss contrasts with K92's strong operational metrics and revenue growth of 113% year-over-year, indicating potential challenges ahead in maintaining profitability.
Bull case
K92 Mining achieved record production of 46,093 gold-equivalent ounces and holds a substantial cash position of $349.4 million, highlighting its operational strength. The company's aggressive expansion plans could boost its output and financial stability in the coming quarters.
Bear case
The earnings miss, along with a downward revision of EPS from $0.72 to $0.55 in the past month, may raise concerns about the company's profit margins and cost management as it increases production.
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