FY2023 EPS Estimates for Karora Resources Inc. Reduced by Cormark (TSE:KRR)

Karora Resources Inc. (TSE:KRR) – 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) 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.

Several other research firms have also weighed in on KRR. CIBC cut their target price on Karora Resources from C$5.50 to C$5.25 and set a “neutral” rating on the stock in a report on Monday. Desjardins cut their price objective on Karora Resources from C$7.00 to C$6.75 and set a “buy” rating on the stock in a research note on Monday. Finally, Eight Capital set a C$7.00 price objective on Karora Resources and gave the stock a “buy” rating in a research note on Thursday, August 3rd.

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.