Karora Resources (KRR) to Release Earnings on Monday

Karora Resources (TSE:KRR - Get Free Report) will be releasing its earnings data before the market opens on Monday, May 13th.

Karora Resources (TSE:KRR - Get Free Report) last announced its quarterly earnings results 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 business had revenue of C$101.78 million for the quarter.

Karora Resources Trading Up 1.5 %

Shares of Karora Resources stock traded up C$0.08 during trading hours on Monday, hitting C$5.43. The company's stock had a trading volume of 691,500 shares, compared to its average volume of 634,602. The business has a fifty day moving average of C$4.97 and a 200 day moving average of C$4.61. Karora Resources has a 1-year low of C$3.60 and a 1-year high of C$5.77. The company has a quick ratio of 1.04, a current ratio of 1.68 and a debt-to-equity ratio of 17.18. The company has a market capitalization of C$969.74 million, a PE ratio of 108.60 and a beta of 2.00.

Analyst Ratings Changes

Several research analysts have commented on the company. CIBC raised Karora Resources from a "neutral" rating to an "outperform" rating and raised their price objective for the company from C$5.25 to C$6.50 in a research report on Wednesday, February 7th. Canaccord Genuity Group lowered their target price on Karora Resources from C$8.73 to C$6.25 in a research note on Tuesday, April 23rd. Finally, Eight Capital lowered Karora Resources from a "buy" rating to a "neutral" rating and reduced their price target for the stock from C$7.00 to C$5.90 in a research report on Wednesday, April 10th.

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.