FY2022 EPS Estimates for Karora Resources Inc. (TSE:KRR) Raised by Analyst

Karora Resources Inc. (TSE:KRR – Get Rating) – Cormark increased their FY2022 earnings per share (EPS) estimates for shares of Karora Resources in a report issued on Monday, June 20th. Cormark analyst N. Dion now expects that the company will post earnings of $0.26 per share for the year, up from their previous estimate of $0.20. Cormark has a “Market Perform” rating on the stock. The consensus estimate for Karora Resources’ current full-year earnings is $0.46 per share. Cormark also issued estimates for Karora Resources’ FY2023 earnings at $0.63 EPS.

A number of other brokerages have also issued reports on KRR. Scotiabank boosted their target price on Karora Resources from C$6.50 to C$7.25 in a research report on Tuesday, April 19th. Haywood Securities cut their target price on Karora Resources from C$8.50 to C$7.00 in a research report on Monday, May 16th. Desjardins downgraded shares of Karora Resources from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Finally, Canaccord Genuity Group boosted their price target on shares of Karora Resources from C$7.25 to C$8.50 in a research note on Friday, April 22nd.

KRR stock opened at C$3.54 on Wednesday. The firm has a market cap of C$601.08 million and a PE ratio of 29.50. The company has a debt-to-equity ratio of 16.48, a quick ratio of 1.21 and a current ratio of 1.74. The firm’s 50 day moving average price is C$5.31 and its 200-day moving average price is C$5.18. Karora Resources has a one year low of C$3.03 and a one year high of C$7.55.

Karora Resources (TSE:KRR – Get Rating) last released its earnings results on Thursday, May 12th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.06). The business had revenue of C$65.27 million for the quarter.

About Karora Resources (Get Rating)

Karora Resources Inc operates as a multi-operational mineral resource company 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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