Karora Resources (TSE:KRR) Price Target Raised to C$5.97 at Desjardins

Karora Resources (TSE:KRRFree Report) had its price objective upped by Desjardins from C$5.65 to C$5.97 in a research note issued to investors on Thursday, BayStreet.CA reports. Desjardins currently has a tender rating on the stock.

A number of other equities analysts have also issued reports on KRR. Canaccord Genuity Group dropped their target price on shares of Karora Resources from C$8.73 to C$6.25 in a research report on Tuesday, April 23rd. CIBC raised shares of Karora Resources from a neutral rating to an outperform rating and upped their price objective for the company from C$5.25 to C$6.50 in a research report on Wednesday, February 7th. Finally, Eight Capital downgraded Karora Resources from a buy rating to a neutral rating and decreased their target price for the stock from C$7.00 to C$5.90 in a research report on Wednesday, April 10th.

Read Our Latest Stock Report on KRR

Karora Resources Stock Up 1.4 %

KRR stock opened at C$5.74 on Thursday. The stock has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 114.80 and a beta of 2.06. The company has a 50-day moving average of C$5.41 and a two-hundred day moving average of C$4.83. Karora Resources has a 52-week low of C$3.60 and a 52-week high of C$5.78. The company has a debt-to-equity ratio of 17.18, a current ratio of 1.68 and a quick ratio of 1.04.

Karora Resources (TSE:KRRGet Free Report) last released its earnings results on Monday, May 13th. The company reported C$0.07 earnings per share (EPS) for the quarter. The firm had revenue of C$115.54 million for the quarter. Karora Resources had a return on equity of 2.49% and a net margin of 2.14%. As a group, equities research analysts anticipate that Karora Resources will post 0.6099675 EPS for the current year.

About Karora Resources

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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.

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