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

Karora Resources (TSE:KRR) had its target price lowered by Canaccord Genuity Group from C$8.73 to C$6.25 in a research note released on Tuesday morning, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on KRR. Eight Capital cut Karora Resources from a buy rating to a neutral rating and cut 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 increased their price target for the company from C$5.25 to C$6.50 in a research report on Wednesday, February 7th.

Karora Resources Price Performance

Karora Resources stock opened at C$5.57 on Tuesday. The stock has a market capitalization of C$994.75 million, a price-to-earnings ratio of 111.40 and a beta of 2.00. Karora Resources has a 52-week low of C$3.60 and a 52-week high of C$5.77. The stock’s 50 day moving average price is C$4.75 and its two-hundred day moving average price is C$4.53. The company has a debt-to-equity ratio of 17.18, a quick ratio of 1.04 and a current ratio of 1.68.

Karora Resources (TSE:KRR) last issued its earnings results on Friday, March 22nd. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.05). Karora Resources had a return on equity of 2.49% and a net margin of 2.14%. The firm had revenue of C$101.78 million during the quarter. On average, equities analysts predict 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.