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Karora Resources (KRR) Stock Forecast & Price Target

C$6.89
+0.04 (+0.58%)
(As of 07/18/2024 ET)

Karora Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 3 Wall Street analysts who have issued ratings for Karora Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 3 analysts, 1 has given a hold rating, and 2 have given a buy rating for KRR.

Consensus Price Target

C$6.16
-10.67% Downside
High ForecastC$6.50
Average ForecastC$6.16
Low ForecastC$5.90

According to the 3 analysts' twelve-month price targets for Karora Resources, the average price target is C$6.16. The highest price target for KRR is C$6.50, while the lowest price target for KRR is C$5.90. The average price target represents a forecasted downside of -10.67% from the current price of C$6.89.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$6.16C$6.42C$6.66C$6.23
Forecasted Upside-10.67% Downside34.93% Upside49.72% Upside50.99% Upside
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KRR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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KRR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Karora Resources Stock vs. The Competition

TypeKarora ResourcesBasic Materials Companies
Consensus Rating Score
2.67
2.62
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/6/2024Desjardins
1 of 5 stars
 Boost TargetTenderC$5.65 ➝ C$5.97+4.01%
4/23/2024Canaccord Genuity Group
1 of 5 stars
 Lower TargetC$8.73 ➝ C$6.25+10.62%
4/10/2024Eight Capital
5 of 5 stars
 DowngradeBuy ➝ NeutralC$7.00 ➝ C$5.90+20.41%
2/7/2024CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ OutperformC$5.25 ➝ C$6.50+55.50%
11/10/2022Haywood Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuyC$6.00+57.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:55 PM ET.

KRR Forecast - Frequently Asked Questions

What is Karora Resources' forecast for 2024?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Karora Resources is C$6.16, with a high forecast of C$6.50 and a low forecast of C$5.90.

Should I buy or sell Karora Resources stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Karora Resources in the last year. There is currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KRR shares.

Does Karora Resources's stock price have much upside?

According to analysts, Karora Resources's stock has a predicted upside of 27.89% based on their 12-month stock forecasts.

What analysts cover Karora Resources?

Karora Resources has been rated by research analysts at Canaccord Genuity Group, and Desjardins in the past 90 days.

Do Wall Street analysts like Karora Resources more than its competitors?

Analysts like Karora Resources more than other "basic materials" companies. The consensus rating score for Karora Resources is 2.67 while the average consensus rating score for "basic materials" companies is 2.63. Learn more on how KRR compares to other companies.


This page (TSE:KRR) was last updated on 7/18/2024 by MarketBeat.com Staff

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