FY2024 Earnings Estimate for Karora Resources Inc. Issued By Haywood Securities (TSE:KRR)

Karora Resources Inc. (TSE:KRRFree Report) – Research analysts at Haywood Securities cut their FY2024 earnings per share estimates for Karora Resources in a research note issued on Tuesday, January 30th. Haywood Securities analyst P. Vaillancourt now anticipates that the company will earn $0.73 per share for the year, down from their prior estimate of $0.75. The consensus estimate for Karora Resources’ current full-year earnings is $0.46 per share.

KRR has been the topic of several other reports. Desjardins dropped their price objective on Karora Resources from C$7.00 to C$6.75 and set a “buy” rating on the stock in a research report on Monday, November 13th. CIBC lowered their target price on Karora Resources from C$5.50 to C$5.25 and set a “neutral” rating on the stock in a report on Monday, November 13th.

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Karora Resources Trading Down 0.7 %

Karora Resources stock opened at C$4.27 on Wednesday. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 1.04. Karora Resources has a one year low of C$3.60 and a one year high of C$5.61. The stock has a market capitalization of C$758.95 million, a PE ratio of 35.58 and a beta of 2.03. The business’s fifty day moving average is C$4.65 and its 200 day moving average is C$4.39.

Karora Resources (TSE:KRRGet Free Report) last released its earnings results on Friday, November 10th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.01). Karora Resources had a return on equity of 5.85% and a net margin of 4.91%. The company had revenue of C$107.14 million during the quarter.

Karora Resources Company Profile

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Karora Resources Inc operates as a multi-asset 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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