Karora Resources Inc. (TSE:KRR - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as C$5.66 and last traded at C$5.56, with a volume of 908186 shares changing hands. The stock had previously closed at C$5.41.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. CIBC upgraded shares of Karora Resources from a "neutral" rating to an "outperform" rating and increased their price target for the stock from C$5.25 to C$6.50 in a report on Wednesday, February 7th. Eight Capital lowered shares of Karora Resources from a "buy" rating to a "neutral" rating and lowered their price target for the company from C$7.00 to C$5.90 in a report on Wednesday, April 10th.
View Our Latest Research Report on KRR
Karora Resources Stock Performance
The company has a current ratio of 1.68, a quick ratio of 1.04 and a debt-to-equity ratio of 17.18. The firm's fifty day moving average price is C$4.66 and its two-hundred day moving average price is C$4.48. The stock has a market capitalization of C$1.01 billion, a PE ratio of 113.00 and a beta of 2.00.
Karora Resources (TSE:KRR - Get Free Report) last released its quarterly earnings data on Friday, March 22nd. The company reported C$0.02 earnings per share for the quarter, missing analysts' consensus estimates of C$0.07 by C($0.05). Karora Resources had a net margin of 2.14% and a return on equity of 2.49%. The firm had revenue of C$101.78 million during the quarter. As a group, equities research analysts forecast that Karora Resources Inc. will post 0.3050655 EPS for the current year.
Karora Resources Company Profile
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Karora Resources Inc operates as a multi-asset mineral resource company in Australia. The company explores for gold, silver, and nickel deposits. It holds 100% interests in the Beta Hunt mine; the Higginsville Gold operations; and Spargos Reward Gold project located in Western Australia. The company was formerly known as Royal Nickel Corporation and changed its name to Karora Resources Inc in June 2020.
Further Reading
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