Canaccord Genuity Group Increases Karora Resources (TSE:KRR) Price Target to C$9.00

Karora Resources (TSE:KRR) had its price target increased by Canaccord Genuity Group from C$8.25 to C$9.00 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other research firms also recently issued reports on KRR. Eight Capital downgraded Karora Resources from a buy rating to a neutral rating and cut their price target for the company from C$7.00 to C$5.90 in a research note on Wednesday, April 10th. Desjardins lifted their price target on Karora Resources from C$5.65 to C$5.97 and gave the company a tender rating in a research note on Thursday, June 6th.

Karora Resources Stock Performance

Shares of KRR opened at C$6.32 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 stock has a 50-day moving average of C$6.02 and a 200-day moving average of C$5.18. The company has a market cap of C$1.13 billion, a PE ratio of 126.40 and a beta of 2.06. Karora Resources has a one year low of C$3.60 and a one year high of C$6.99.

Karora Resources (TSE:KRR) last issued its earnings results on Monday, May 13th. The company reported C$0.07 EPS for the quarter. The company had revenue of C$115.54 million during the quarter. Karora Resources had a return on equity of 2.49% and a net margin of 2.14%. On average, equities research analysts predict that Karora Resources will post 0.6099675 EPS for the current fiscal year.

Karora Resources Company Profile

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.