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

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

KRR has been the subject of several other reports. CIBC raised Karora Resources from a neutral rating to an outperform rating and increased their price objective for the company from C$5.25 to C$6.50 in a report on Wednesday, February 7th. Eight Capital lowered Karora Resources from a buy rating to a neutral rating and reduced their price objective for the company from C$7.00 to C$5.90 in a report on Wednesday, April 10th.

Karora Resources Stock Performance

KRR stock opened at C$5.44 on Tuesday. The business has a 50 day moving average of C$4.81 and a 200-day moving average of C$4.55. Karora Resources has a 12-month low of C$3.60 and a 12-month high of C$5.77. The firm has a market cap of C$971.53 million, a PE ratio of 108.80 and a beta of 2.00. 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 (TSE:KRR) last announced its quarterly earnings data 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. As a group, sell-side analysts expect that Karora Resources will post 0.3050655 earnings per share for the current year.

About Karora Resources

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.