Karora Resources (TSE:KRR) Hits New 12-Month High at $5.66

Karora Resources Inc. (TSE:KRR) hit a new 52-week high on Thursday . The company traded as high as C$5.66 and last traded at C$5.56, with a volume of 908186 shares changing hands. The stock had previously closed at C$5.41.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KRR. CIBC upgraded Karora Resources from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$5.25 to C$6.50 in a report on Wednesday, February 7th. Eight Capital downgraded Karora Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from C$7.00 to C$5.90 in a report on Wednesday, April 10th.

Karora Resources Price Performance

The business has a fifty day moving average price of C$4.63 and a 200 day moving average price of C$4.48. The company has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 108.20 and a beta of 2.00. The company has a debt-to-equity ratio of 17.18, a current ratio of 1.68 and a quick ratio of 1.04.

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 company had revenue of C$101.78 million during the quarter. On average, research analysts expect that Karora Resources Inc. will post 0.3050655 earnings per share 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.