FY2024 EPS Estimates for Karora Resources Inc. (TSE:KRR) Lowered by Analyst

Karora Resources Inc. (TSE:KRR) – Cormark decreased their FY2024 earnings per share estimates for shares of Karora Resources in a report released on Monday, March 25th. Cormark analyst N. Dion now expects that the company will post earnings per share of $0.41 for the year, down from their previous estimate of $0.45. The consensus estimate for Karora Resources’ current full-year earnings is $0.38 per share.

Separately, CIBC raised Karora Resources from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$5.25 to C$6.50 in a research report on Wednesday, February 7th.

Karora Resources Price Performance

TSE KRR opened at C$4.84 on Tuesday. The company has a market capitalization of C$860.26 million, a price-to-earnings ratio of 40.33 and a beta of 2.00. The company has a debt-to-equity ratio of 16.94, a quick ratio of 1.04 and a current ratio of 2.04. The stock has a 50-day moving average of C$4.33 and a 200 day moving average of C$4.36. Karora Resources has a one year low of C$3.60 and a one year high of C$5.61.

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.