Karora Resources Inc. (TSE:KRR – Get Free Report) shares hit a new 52-week high during mid-day trading 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.
Analysts Set New Price Targets
KRR has been the topic of a number of recent analyst reports. CIBC raised Karora Resources from a “neutral” rating to an “outperform” rating and upped their target price for the company 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 company from C$7.00 to C$5.90 in a research report on Wednesday, April 10th.
Karora Resources Stock Performance
Karora Resources (TSE:KRR – Get Free Report) last issued its quarterly earnings data on Friday, March 22nd. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.05). The company had revenue of C$101.78 million for the quarter. Karora Resources had a return on equity of 2.49% and a net margin of 2.14%. On average, equities research analysts forecast 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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