Shares of Karora Resources Inc. (TSE:KRR – Get Free Report) fell 2.3% on Thursday . The company traded as low as C$4.19 and last traded at C$4.19. 917,704 shares were traded during trading, an increase of 58% from the average session volume of 580,400 shares. The stock had previously closed at C$4.29.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Eight Capital set a C$7.00 target price on shares of Karora Resources and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Canaccord Genuity Group set a C$7.50 price target on Karora Resources and gave the company a “buy” rating in a report on Monday, June 19th.
Karora Resources Price Performance
Karora Resources (TSE:KRR – Get Free Report) last released its earnings results on Monday, August 14th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The company had revenue of C$110.60 million for the quarter. Karora Resources had a return on equity of 5.28% and a net margin of 4.57%. During the same period in the prior year, the company earned $0.03 earnings per share. On average, equities analysts anticipate that Karora Resources Inc. will post 0.2432016 earnings per share for the current fiscal year.
Karora Resources Company Profile
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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