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

Karora Resources (TSE:KRR) had its price objective cut by equities research analysts at Canaccord Genuity Group from C$8.73 to C$6.25 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 14.26% from the company’s previous close.

A number of other equities research analysts have also weighed in on KRR. CIBC upgraded Karora Resources from a “neutral” rating to an “outperform” rating and raised their price objective 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 decreased their target price for the stock from C$7.00 to C$5.90 in a research report on Wednesday, April 10th.

Karora Resources Stock Performance

Karora Resources stock opened at C$5.47 on Tuesday. The stock’s 50-day moving average is C$4.78 and its 200-day moving average is C$4.54. The company has a market cap of C$976.89 million, a price-to-earnings ratio of 109.40 and a beta of 2.00. 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 has a 12 month low of C$3.60 and a 12 month high of C$5.77.

Karora Resources (TSE:KRR) last posted 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 net margin of 2.14% and a return on equity of 2.49%. The company had revenue of C$101.78 million during the quarter. Equities analysts anticipate 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.