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Equities Analysts Issue Forecasts for Nevada King Gold Corp.’s FY2024 Earnings (CVE:NKG)

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Equities Analysts Issue Forecasts for Nevada King Gold Corp.’s FY2024 Earnings (CVE:NKG)



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.

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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

(Get Free Report)

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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Billionaire Tax Refugees Flock to Ritzy Nevada Lake Town

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Billionaire Tax Refugees Flock to Ritzy Nevada Lake Town


Naveen Rao, a longtime California resident, ascended to a rarefied tier of wealth last year when his startup, Unconventional AI, was valued at $4.5 billion. The company is based in Palo Alto, but with the specter of anew tax on billionaireslooming over the state, Rao began considering other …



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EDITORIAL: Nevada hurt by California’s anti-fossil fuel crusade

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EDITORIAL: Nevada hurt by California’s anti-fossil fuel crusade


California Gov. Gavin Newsom won’t admit it, but a move by President Donald Trump is especially helpful to drivers in California — and Nevada.

Gasoline prices are pressuring consumers around the country. On Friday, the average U.S. price was $4.55 a gallon. In California, that would be a bargain. The average there was $6.16 a gallon. Nevada’s average was $5.23 a gallon, the result of around 88 percent of the state’s gasoline coming from California.

It might be getting worse — regardless of what happens in Iran.

In recent months, two major California refineries have shut down. That represented a 17 percent reduction in California’s refining capacity. Their closures weren’t caused by the Iran war, but by Gov. Newsom and California’s relentless attacks on fossil fuels.

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To make up for the fuel it won’t extract or refine in-state, California depends on imports from foreign countries.

“We are importing 30 percent of our crude oil from the Middle East,” Mike Ariza, a former control board supervisor at the Valero Benicia Refinery, said in an interview. He has been warning the public about California’s potential fuel shortage. “There are not very many ships left on the way that have fuel,” he said last month.

Last week, KCRA-TV in Sacramento reported that “about 2 million barrels of oil are in the process of being unloaded in Long Beach off of the last California-bound tanker that got through the Strait of Hormuz.”

At a California legislative hearing Tuesday, Siva Gunda, the vice chairman of the California Energy Commission, said the state has enough gasoline to accommodate demand for the next six weeks. That’s not a very long time, especially given that it takes weeks or months for oil to travel from the Middle East to California. And that process won’t begin until the Strait of Hormuz reopens.

There is a region, however, with abundant oil available for sale and safe passage — the southeastern United States. Unfortunately, the Jones Act, an antiquated 1920 law, mandates that only U.S.-flagged ships may move cargo between U.S. ports. But only 55 of the more than 7,000 oil tankers worldwide comply with this requirement.

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This is where Mr. Trump rode to the rescue. Late last month, the White House announced Mr. Trump would suspend the Jones Act for another 90 days. In March, he originally waived it for 60 days. This will make it easier for California and Nevada to obtain domestic product.

If only Mr. Trump could also suspend the destructive energy policies imposed by Gov. Newsom and California Democrats.



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Nevada SPCA brings adoptable pet to spotlight for Furever Home Friday

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Nevada SPCA brings adoptable pet to spotlight for Furever Home Friday


An adoptable pet is in the spotlight for “Furever Home Friday,” with Amy from the Nevada SPCA featured in a segment highlighting an animal available for adoption today.

The Nevada SPCA encouraged viewers looking to add a pet to their family to consider adopting.



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