Karora Resources Inc. (TSE:KRR) Forecasted to Post FY2025 Earnings of $0.43 Per Share

Karora Resources Inc. (TSE:KRR - Free Report) - Research analysts at Desjardins lifted their FY2025 earnings per share estimates for Karora Resources in a report issued on Sunday, March 31st. Desjardins analyst J. Sclodnick now expects that the company will earn $0.43 per share for the year, up from their prior forecast of $0.36. The consensus estimate for Karora Resources' current full-year earnings is $0.32 per share.

Separately, CIBC upgraded Karora Resources from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from C$5.25 to C$6.50 in a research note on Wednesday, February 7th.

Karora Resources Stock Up 3.5 %

KRR traded up C$0.18 on Wednesday, reaching C$5.36. The company's stock had a trading volume of 1,072,878 shares, compared to its average volume of 376,978. The company has a quick ratio of 1.04, a current ratio of 1.68 and a debt-to-equity ratio of 17.18. Karora Resources has a fifty-two week low of C$3.60 and a fifty-two week high of C$5.61. The stock has a 50 day moving average of C$4.40 and a two-hundred day moving average of C$4.39. The company has a market capitalization of C$957.24 million, a price-to-earnings ratio of 103.60 and a beta of 2.00.

About Karora Resources

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.