Karora Resources Inc. (TSE:KRR – Get Free Report)’s share price shot up 5.4% during trading on Wednesday . The stock traded as high as C$5.46 and last traded at C$5.43. 335,759 shares changed hands during trading, a decline of 40% from the average session volume of 561,012 shares. The stock had previously closed at C$5.15.
Wall Street Analysts Forecast Growth
Several research firms recently commented on KRR. CIBC upgraded Karora Resources from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$5.25 to C$6.50 in a research report on Wednesday, February 7th. Eight Capital lowered Karora Resources from a “buy” rating to a “neutral” rating and dropped their price target for the stock from C$7.00 to C$5.90 in a research note on Wednesday, April 10th.
View Our Latest Stock Analysis on Karora Resources
Karora Resources Stock Performance
Karora Resources (TSE:KRR – Get Free Report) last issued its quarterly earnings results on Friday, March 22nd. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.05). Karora Resources had a return on equity of 2.49% and a net margin of 2.14%. The firm had revenue of C$101.78 million for the quarter. On average, equities 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.
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