Karora Resources Inc. (TSE:KRR - Free Report) - Stock analysts at Desjardins increased their FY2024 earnings per share (EPS) estimates for shares of Karora Resources in a note issued to investors on Monday, May 13th. Desjardins analyst J. Sclodnick now anticipates that the company will post earnings of $0.61 per share for the year, up from their prior forecast of $0.31. Desjardins currently has a "Tender" rating and a $5.65 target price on the stock. The consensus estimate for Karora Resources' current full-year earnings is $0.31 per share. Desjardins also issued estimates for Karora Resources' FY2025 earnings at $0.83 EPS.
Karora Resources (TSE:KRR - Get Free Report) last announced its quarterly earnings data on Friday, March 22nd. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.07 by C($0.05). Karora Resources had a return on equity of 2.49% and a net margin of 2.14%. The firm had revenue of C$101.78 million during the quarter.
Other analysts also recently issued research reports about the company. Canaccord Genuity Group decreased their target price on Karora Resources from C$8.73 to C$6.25 in a research note on Tuesday, April 23rd. Eight Capital downgraded Karora Resources from a "buy" rating to a "neutral" rating and lowered their target price for the company from C$7.00 to C$5.90 in a research report on Wednesday, April 10th. Finally, CIBC upgraded shares of Karora Resources from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from C$5.25 to C$6.50 in a research report on Wednesday, February 7th.
Read Our Latest Research Report on Karora Resources
Karora Resources Price Performance
KRR stock traded up C$0.10 during trading on Thursday, reaching C$5.49. The company's stock had a trading volume of 5,180,330 shares, compared to its average volume of 678,694. The company's fifty day moving average is C$5.15 and its 200-day moving average is C$4.68. Karora Resources has a 1 year low of C$3.60 and a 1 year high of C$5.77. The company has a market capitalization of C$980.46 million, a P/E ratio of 107.80 and a beta of 2.08. 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 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.
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