Brokers Issue Forecasts for Karora Resources Inc.’s Q2 2022 Earnings (TSE:KRR)

Karora Resources Inc. (TSE:KRRGet Rating) – Investment analysts at Desjardins issued their Q2 2022 earnings estimates for shares of Karora Resources in a note issued to investors on Wednesday, July 13th. Desjardins analyst J. Sclodnick expects that the company will post earnings per share of $0.05 for the quarter. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for Karora Resources’ current full-year earnings is $0.57 per share.

Several other research firms have also recently weighed in on KRR. Cormark cut shares of Karora Resources from a “buy” rating to a “market perform” rating in a research note on Friday, April 8th. Haywood Securities cut their target price on shares of Karora Resources from C$8.50 to C$7.00 in a research note on Monday, May 16th. CIBC cut their target price on shares of Karora Resources from C$6.50 to C$4.25 in a research note on Wednesday. Scotiabank lifted their price objective on shares of Karora Resources from C$6.50 to C$7.25 in a research note on Tuesday, April 19th. Finally, Canaccord Genuity Group lifted their price objective on shares of Karora Resources from C$7.25 to C$8.50 in a research note on Friday, April 22nd.

Karora Resources Stock Performance

KRR opened at C$2.77 on Friday. The stock has a market capitalization of C$470.33 million and a price-to-earnings ratio of 25.18. The company has a fifty day moving average of C$4.17 and a 200 day moving average of C$5.07. Karora Resources has a fifty-two week low of C$2.53 and a fifty-two week high of C$7.55. The company has a debt-to-equity ratio of 16.48, a quick ratio of 1.21 and a current ratio of 1.74.

Karora Resources (TSE:KRRGet Rating) last posted its earnings results on Thursday, May 12th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.06). The company 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.

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

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