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

Karora Resources Inc. (TSE:KRRGet 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:KRRGet 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.

Further Reading

Earnings History and Estimates for Karora Resources (TSE:KRR)

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