Karora Resources Inc. (TSE:KRR) Expected to Post FY2024 Earnings of $0.80 Per Share

Karora Resources Inc. (TSE:KRR – Get Rating) – Analysts at Cormark upped their FY2024 earnings per share estimates for shares of Karora Resources in a research report issued on Monday, March 6th. Cormark analyst N. Dion now expects that the company will earn $0.80 per share for the year, up from their previous forecast of $0.59. The consensus estimate for Karora Resources’ current full-year earnings is $0.36 per share.

A number of other analysts have also recently issued reports on the company. CIBC upped their target price on Karora Resources from C$4.50 to C$5.20 in a research report on Tuesday, February 7th. Haywood Securities decreased their target price on Karora Resources to C$6.00 and set a “buy” rating for the company in a research report on Thursday, November 10th. Finally, Canaccord Genuity Group decreased their target price on Karora Resources from C$6.00 to C$5.50 in a research report on Monday, February 13th.

Karora Resources Trading Down 1.0 %

TSE:KRR opened at C$4.15 on Thursday. The stock has a 50-day simple moving average of C$4.80 and a 200-day simple moving average of C$3.93. The stock has a market cap of C$718.37 million, a P/E ratio of 138.33 and a beta of 0.83. Karora Resources has a 1 year low of C$2.38 and a 1 year high of C$7.55. The company has a debt-to-equity ratio of 14.30, a quick ratio of 1.04 and a current ratio of 1.82.

Karora Resources Company Profile

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Karora Resources Inc operates as a multi-operational 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.