Scotiabank cuts estimate to CAD 1.59. K92 Mining stock rises 5.4 percent
Published on 10/15/2026 at 22:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst estimate and trading
- Scotiabank lowered its fiscal 2026 earnings estimate to CAD 1.59 from CAD 1.62 on October 13, 2026.
- K92 Mining will release third-quarter 2026 results on November 16, 2026.
- K92 Mining stock was last at CAD 27.63 on October 15, 2026, up 5.38 percent on the TSX.
- K92 Mining had a price-to-earnings ratio of 13.44 and a market capitalization of CAD 6.8 billion on October 15, 2026.
Scotiabank lowered its fiscal 2026 earnings estimate for K92 Mining to CAD 1.59 from CAD 1.62 in a research report issued on October 13, 2026, while the stock was last at CAD 27.63 on the TSX on October 15, 2026, up 5.38 percent from CAD 26.22.
Scotiabank trims the 2026 estimate
According to MarketBeat, Scotiabank analyst O. Habib cut the estimate from CAD 1.62 to CAD 1.59. The change concerns the full fiscal year, not the second-quarter result, and remains above the broader consensus estimate of CAD 0.73 cited in the same October 15, 2026 report.
November 16 results date
K92 Mining said in a release dated October 9, 2026 that it will publish its third-quarter 2026 financial results after North American markets close on November 16, 2026. The company will hold its results call at 5:30 p.m. EST that day, according to Yahoo Finance.
Stock remains below its yearly high
The TSX quote showed a daily range of CAD 26.18 to CAD 27.72 and volume of 818,870 shares on October 15, 2026, against an average volume of 689,425 shares. At CAD 27.63, K92 Mining stood 17.40 percent below its 52-week high of CAD 33.45 and 66.85 percent above its 52-week low of CAD 16.56.
The company also reported strong third-quarter operating figures on October 8, 2026. Production reached 49,776 ounces of gold equivalent, 11.00 percent above second-quarter production of 46,093 ounces, while ore processed rose 11.00 percent quarter over quarter to 250,042 tonnes, according to GlobeNewswire. The release said 98 percent of Stage 3 expansion growth capital had been spent or committed as of September 30, 2026.
Valuation and peer comparison
K92 Mining had a market capitalization of CAD 6.8 billion, a price-to-earnings ratio of 13.44 and no reported trailing dividend yield on October 15, 2026. The valuation sits below Wheaton Precious Metals, which had a P/E of 29.57 and a market capitalization of CAD 85.8 billion, but above Equinox Gold, which had a P/E of 10.99 and a market capitalization of CAD 18.4 billion.
Comparison with peers
K92 Mining (TSX, CAD): plus 5.38 percent, P/E 13.44, market capitalization CAD 6.8 billion.
Wheaton Precious Metals (TSX, CAD): plus 2.49 percent, P/E 29.57, market capitalization CAD 85.8 billion.
Equinox Gold (TSX, CAD): plus 7.30 percent, P/E 10.99, market capitalization CAD 18.4 billion.
Trading position
K92 Mining was last at CAD 27.63 on the TSX on October 15, 2026 at 4:00 p.m. ET, up 5.38 percent from the prior close of CAD 26.22.
K92 Mining market data
- Company: K92 Mining Inc.
- ISIN: CA4991131083
- Ticker: KNT
- Primary exchange: TSX
- Price on TSX (as of October 15, 2026, 4:00 p.m. ET): CAD 27.63
- Change versus prior close: plus 5.38 percent
- Prior close: CAD 26.22
- Market capitalization: CAD 6.8 billion (as of October 15, 2026)
- 52-week range: CAD 16.56-33.45 (as of October 15, 2026)
- Sector / Industry: Basic Materials / Gold
Market context: Market report S&P/TSX Composite.
