Karora Resources (TSE:KRR) Price Target Lowered to C$6.25 at Canaccord Genuity Group

Karora Resources (TSE:KRR) had its price target reduced by Canaccord Genuity Group from C$8.73 to C$6.25 in a report published on Tuesday, BayStreet.CA reports.

Several other equities research analysts also recently commented on the company. Eight Capital downgraded Karora Resources from a buy rating to a neutral rating and dropped their target price for the stock from C$7.00 to C$5.90 in a report on Wednesday, April 10th. CIBC raised Karora Resources from a neutral rating to an outperform rating and boosted their target price for the stock from C$5.25 to C$6.50 in a report on Wednesday, February 7th.

Karora Resources Trading Up 1.1 %

TSE KRR opened at C$5.57 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.68 and a debt-to-equity ratio of 17.18. Karora Resources has a twelve month low of C$3.60 and a twelve month high of C$5.77. The firm has a market capitalization of C$994.75 million, a PE ratio of 111.40 and a beta of 2.00. The stock’s 50 day moving average is C$4.75 and its 200 day moving average is C$4.53.

Karora Resources (TSE:KRR) last released its quarterly earnings results on Friday, March 22nd. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.05). Karora Resources had a net margin of 2.14% and a return on equity of 2.49%. The firm had revenue of C$101.78 million for the quarter. Research analysts forecast that Karora Resources will post 0.3050655 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, silver, and nickel deposits. It holds 100% interests in the Beta Hunt 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.