Nevada King Gold Corp. (CVE:NKG – Free Report) – Equities researchers at Desjardins issued their FY2024 earnings estimates for Nevada King Gold in a research note issued to investors on Tuesday, April 30th. Desjardins analyst J. Sclodnick anticipates that the company will earn ($0.07) per share for the year. Desjardins currently has a “Buy” rating and a $1.00 target price on the stock. Desjardins also issued estimates for Nevada King Gold’s FY2025 earnings at ($0.03) EPS and FY2026 earnings at ($0.03) EPS.

Nevada King Gold Trading Down 7.4 %

Shares of NKG opened at C$0.32 on Friday. The firm has a fifty day simple moving average of C$0.38 and a 200 day simple moving average of C$0.39. The stock has a market capitalization of C$108.20 million, a price-to-earnings ratio of -1.66 and a beta of 1.40. Nevada King Gold has a 12 month low of C$0.28 and a 12 month high of C$0.50.

Nevada King Gold (CVE:NKG – Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01).

About Nevada King Gold

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Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. The company explores for gold, silver, iron ore, vanadium, and other base metals. The company was formerly known as Victory Metals Inc and changed its name to Nevada King Gold Corp in April 2021.

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SOUTH LAKE TAHOE, Calif. — A late-season storm is expected to hit the Sierra Nevada this weekend, bringing rain and mountain snow to Northern and Central California, meteorologists said.

The National Weather Service issued a winter storm warning for the mountain range from 11 a.m. Saturday to 8 a.m. Sunday for elevations above 5,000 feet (1,524 meters). Rain is likely to hit lower elevations.

Heavy snowfall is expected to accumulate from 5 to 10 inches (12.70 to 25.40 centimeters) at 5,000-foot (about 1,500-meter) elevations. Above 9,000 feet (about 2,700 meters), 1 to 2 feet (0.3 to 0.61 meters) of snow could fall.

Wind gusts in the area could reach 55 mph (88.5 kph), according to the weather service.

The Republican National Committee, former President Donald Trump‘s campaign, and the Nevada Republican Party announced a lawsuit on Friday suing the Silver State over its allowance of mail ballots four days after Election Day.

The move is part of the RNC and Trump campaign’s election integrity efforts ahead of and through the Nov. 5 election against President Joe Biden.

“Nevada’s ballot receipt deadline clearly violates federal law and undermines election integrity in the state,” RNC Chairman Michael Whatley said in a statement. “Ballots received days after Election Day should not be counted — the RNC and our partners are suing to secure an honest election, support Nevada voters, and oppose unlawful schemes.”

The defendants in the case are Nevada Secretary of State Francisco Aguilar, Washoe County Clerk Jan Galassini, Washoe County Registrar Cari-Ann Burgess, Clark County Registrar Lorena Portillo, and Clark County Clerk Lynn Marie Goya.

Nevada law stipulates mail ballots are mailed and postmarked by Election Day but then offers a four-day grace period.

The RNC alleges that the acceptance of mail ballots after Election Day “undermines the integrity” of the election and violates federal law by extending the election past Nov. 5.

“The result of Nevada’s violation of federal law is that timely, valid ballots are diluted by untimely, invalid ballots, which violates the rights of candidates, campaigns, and voters under federal law,” the suit claimed.

The Silver State adopted the all-mail voting system in 2021, largely due to the impact of the COVID-19 pandemic. Republicans in the state objected to the change at the time.

Aguilar, the Secretary of State, pushed back against the allegations that Nevada mail ballot rules violate federal law in a statement to the Washington Examiner.

“Nevada runs some of the most secure, transparent, and accessible elections in the country. The key for that accessibility is allowing working Nevadans to vote using the method that works best for them, including voting by mail,” Aguilar said.

“Our office will not comment on ongoing litigation, but I hope the RNC is putting as much time and energy into educating voters on how to participate in elections as they put into suing the state of Nevada,” he continued.”

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER 

Trump lost Nevada in the 2020 election to Biden and in 2016 to Democratic presidential nominee Hillary Clinton.

A win in the Silver State in November would help Trump defeat Biden in their presidential election rematch.

There are at least 83 fair election lawsuits in 25 states the RNC is actively engaged in currently. Last month the RNC announced the launch of 100,000 poll-watching volunteers.