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

Karora Resources (TSE:KRR) had its price target decreased by stock analysts at Canaccord Genuity Group from C$8.73 to C$6.25 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 14.26% from the stock’s current price.

A number of other research firms also recently issued reports on KRR. Eight Capital downgraded shares of Karora Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from C$7.00 to C$5.90 in a report on Wednesday, April 10th. CIBC upgraded shares of Karora Resources from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$5.25 to C$6.50 in a report on Wednesday, February 7th.

Karora Resources Stock Down 1.8 %

KRR opened at C$5.47 on Tuesday. The company has a debt-to-equity ratio of 17.18, a current ratio of 1.68 and a quick ratio of 1.04. The company’s 50-day moving average is C$4.78 and its 200 day moving average is C$4.54. Karora Resources has a fifty-two week low of C$3.60 and a fifty-two week high of C$5.77. The firm has a market capitalization of C$976.89 million, a P/E ratio of 109.40 and a beta of 2.00.

Karora Resources (TSE:KRR) last released its quarterly earnings results on Friday, March 22nd. The company reported C$0.02 earnings per share 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 firm had revenue of C$101.78 million for the quarter. Research analysts expect that Karora Resources will post 0.3050655 earnings per share for the current fiscal 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.