Eight Capital downgraded shares of Karora Resources (TSE:KRR - Free Report) from a buy rating to a neutral rating in a research report released on Wednesday, BayStreet.CA reports. Eight Capital currently has C$5.90 price target on the stock, down from their prior price target of C$7.00.
Separately, CIBC upgraded shares of Karora Resources from a neutral rating to an outperform rating and upped their price target for the company from C$5.25 to C$6.50 in a report on Wednesday, February 7th.
Read Our Latest Research Report on KRR
Karora Resources Price Performance
KRR stock traded down C$0.34 during midday trading on Wednesday, reaching C$4.84. The company had a trading volume of 1,706,736 shares, compared to its average volume of 496,622. Karora Resources has a 1 year low of C$3.60 and a 1 year high of C$5.66. The company has a debt-to-equity ratio of 17.18, a current ratio of 1.68 and a quick ratio of 1.04. The company has a market capitalization of C$864.38 million, a P/E ratio of 98.00 and a beta of 2.00. The firm has a 50-day moving average price of C$4.51 and a 200-day moving average price of C$4.43.
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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