Karora Resources (TSE:KRR - Free Report) had its target price decreased by Canaccord Genuity Group from C$8.73 to C$6.25 in a research note released on Tuesday morning, BayStreet.CA reports.
A number of other equities analysts have also recently commented on KRR. CIBC raised 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 report on Wednesday, February 7th. Eight Capital cut Karora Resources from a buy rating to a neutral rating and lowered their price target for the stock from C$7.00 to C$5.90 in a report on Wednesday, April 10th.
View Our Latest Research Report on Karora Resources
Karora Resources Stock Performance
Shares of TSE KRR traded up C$0.06 during midday trading on Tuesday, hitting C$5.57. 929,009 shares of the company's stock were exchanged, compared to its average volume of 621,168. 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 12 month low of C$3.60 and a 12 month high of C$5.77. The company's 50 day moving average price is C$4.75 and its 200 day moving average price is C$4.53. The firm has a market capitalization of C$994.75 million, a PE ratio of 111.40 and a beta of 2.00.
Karora Resources (TSE:KRR - Get Free Report) last released its quarterly earnings results on Friday, March 22nd. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.05). The firm had revenue of C$101.78 million during the quarter. Karora Resources had a net margin of 2.14% and a return on equity of 2.49%. As a group, analysts predict that Karora Resources will post 0.3050655 earnings per share for the current fiscal year.
About Karora Resources
(
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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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