Scotiabank set a C$5.75 price target on Karora Resources (TSE:KRR) in a report published on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Separately, Desjardins reissued a buy rating on shares of Karora Resources in a research note on Thursday, May 20th.
Shares of KRR stock opened at C$4.28 on Friday. Karora Resources has a 12-month low of C$2.03 and a 12-month high of C$4.69. The company has a debt-to-equity ratio of 18.19, a current ratio of 2.36 and a quick ratio of 1.86. The company has a market cap of C$627.89 million and a price-to-earnings ratio of 6.76. The business has a 50 day simple moving average of C$4.05.
Karora Resources (TSE:KRR) last announced its quarterly earnings results on Friday, May 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.07 by C($0.01). The business had revenue of C$59.28 million during the quarter. On average, sell-side analysts forecast that Karora Resources will post 0.62 EPS for the current fiscal year.
Karora Resources Company Profile
Karora Resources Inc engages in the exploration and production of mineral resources in Australia. The company explores for gold and nickel deposits. It holds 100% interests in the Beta Hunt Gold 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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