K92 Mining Second Quarter 2024 Earnings EPS Beats Expectations, Revenues Lag - Simply Wall St
| KNT Stock | CAD 9.12 0.11 1.22% |
About 53% of K92 Mining's investors are presently thinking to get in. The current sentiment regarding investing in K92 Mining stock implies that some traders are interested. K92 Mining's investing sentiment overview a quick insight into current market opportunities from investing in K92 Mining. Many technical investors use K92 Mining stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
K92 |
K92 Mining Second Quarter 2024 Earnings EPS Beats Expectations, Revenues Lag Simply Wall St
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K92 Mining Fundamental Analysis
We analyze K92 Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of K92 Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of K92 Mining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earning
Price To Earning Comparative Analysis
K92 Mining is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
K92 Mining Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with K92 Mining stock to make a market-neutral strategy. Peer analysis of K92 Mining could also be used in its relative valuation, which is a method of valuing K92 Mining by comparing valuation metrics with similar companies.
Peers
K92 Mining Related Equities
| OLA | Orla Mining | 2.74 | ||||
| EQX | Equinox Gold | 2.48 | ||||
| WDO | Wesdome Gold | 1.24 | ||||
| SSRM | SSR Mining | 1.23 | ||||
| CXB | Calibre Mining | 0.40 |
Other Information on Investing in K92 Stock
K92 Mining financial ratios help investors to determine whether K92 Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in K92 with respect to the benefits of owning K92 Mining security.