Karora Resources Inc. (TSE:KRR – Free Report) – Stock analysts at Cormark reduced their FY2023 earnings estimates for Karora Resources in a research report issued on Monday, November 13th. Cormark analyst N. Dion now forecasts that the company will post earnings of $0.29 per share for the year, down from their prior estimate of $0.33. The consensus estimate for Karora Resources’ current full-year earnings is $0.45 per share.
Karora Resources (TSE:KRR – Get Free Report) last posted its earnings results on Monday, August 14th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). Karora Resources had a net margin of 4.57% and a return on equity of 5.28%. The business had revenue of C$110.60 million during the quarter. During the same period in the previous year, the business earned $0.03 EPS.
Karora Resources Stock Down 2.6 %
Karora Resources stock opened at C$4.14 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.04 and a debt-to-equity ratio of 16.10. Karora Resources has a 1-year low of C$3.49 and a 1-year high of C$5.71. The firm’s fifty day simple moving average is C$4.08 and its 200-day simple moving average is C$4.39. The company has a market capitalization of C$725.25 million, a P/E ratio of 37.64 and a beta of 2.08.
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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