Karora Resources (TSE:KRR) PT Raised to C$5.97

Karora Resources (TSE:KRRFree Report) had its target price lifted by Desjardins from C$5.65 to C$5.97 in a research note released on Thursday morning, BayStreet.CA reports. They currently have a tender rating on the stock.

Other research analysts have also issued research reports about the stock. CIBC upgraded shares of Karora Resources from a neutral rating to an outperform rating and upped their price target for the company from C$5.25 to C$6.50 in a research note on Wednesday, February 7th. Eight Capital lowered Karora Resources from a buy rating to a neutral rating and lowered their target price for the stock from C$7.00 to C$5.90 in a research note on Wednesday, April 10th. Finally, Canaccord Genuity Group reduced their price target on Karora Resources from C$8.73 to C$6.25 in a research note on Tuesday, April 23rd.

Read Our Latest Research Report on Karora Resources

Karora Resources Stock Performance

KRR opened at C$5.74 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.68 and a debt-to-equity ratio of 17.18. The stock has a market cap of C$1.03 billion, a price-to-earnings ratio of 114.80 and a beta of 2.06. Karora Resources has a 12-month low of C$3.60 and a 12-month high of C$5.78. The business has a 50 day moving average of C$5.41 and a 200-day moving average of C$4.83.

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

Karora Resources Company Profile

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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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