Karora Resources (TSE:KRR – Get Free Report) had its price objective lifted by analysts at Canaccord Genuity Group from C$8.25 to C$9.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 35.95% from the stock’s previous close.
KRR has been the topic of several other reports. Eight Capital lowered Karora Resources from a “buy” rating to a “neutral” rating and dropped their target price for the stock from C$7.00 to C$5.90 in a report on Wednesday, April 10th. Desjardins boosted their target price on shares of 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.
Check Out Our Latest Analysis on Karora Resources
Karora Resources Stock Performance
Karora Resources (TSE:KRR – Get Free Report) last issued its earnings results on Monday, May 13th. The company reported C$0.07 EPS for the quarter. Karora Resources had a return on equity of 2.49% and a net margin of 2.14%. The firm had revenue of C$115.54 million for the quarter. As a group, equities analysts expect that Karora Resources will post 0.6099675 EPS 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.
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