Karora Resources (TSE:KRR) PT Raised to C$8.50

Karora Resources (TSE:KRR – Get Rating) had its price target hoisted by equities researchers at Canaccord Genuity Group from C$7.25 to C$8.50 in a research note issued to investors on Friday, BayStreet.CA reports. Canaccord Genuity Group’s target price indicates a potential upside of 29.97% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Scotiabank increased their price target on Karora Resources from C$6.50 to C$7.25 in a report on Tuesday. Cormark cut Karora Resources from a “buy” rating to a “market perform” rating in a research report on Friday, April 8th. Finally, Desjardins cut Karora Resources from a “buy” rating to a “hold” rating in a research report on Thursday.

TSE KRR traded down C$0.14 on Friday, hitting C$6.54. The company had a trading volume of 531,507 shares, compared to its average volume of 1,038,290. The company has a market capitalization of C$1.01 billion and a PE ratio of 36.33. The company’s fifty day moving average price is C$6.21 and its 200-day moving average price is C$4.91. The company has a debt-to-equity ratio of 16.56, a current ratio of 1.91 and a quick ratio of 1.41. Karora Resources has a 12-month low of C$3.03 and a 12-month high of C$7.55.

Karora Resources (TSE:KRR – Get Rating) last posted its earnings results on Monday, March 14th. The company reported C$0.08 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.09 by C($0.01). The business had revenue of C$66.97 million for the quarter. On average, sell-side analysts anticipate that Karora Resources will post 0.65 EPS for the current year.

Karora Resources Company Profile (Get Rating)

Karora Resources Inc operates as a multi-asset mineral resource company in Australia. The company explores for gold and nickel deposits. It holds 100% interests in the Beta Hunt Gold 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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