[Red Cloud Financial] - KRR Q1/22 EPS Misses A Blip In Karora’s Growth Story
May 13, 2022
(David A. Talbot) “EPS was impacted by lower production and higher COVID related operating costs. While revenue remained strong, management highlighted that the cost pressures are temporary, should stabilize in Q2/22, while trending lower in H2/22.”
…….
"Investors should focus on the many other highlights that outline KRR’s growth expectations. Expansions remain on track to double production by 2024 and we expect the market to focus on this long-term. That said, KRR has outperformed peers in 2022 and could see a correction on this news.”
…….
“We are maintaining our BUY rating but decrease our target price to C$7.30/sh (was C$7.50/sh) as we anticipate cost pressures to linger slightly into Q2/22.” [emphasis throughout in original]
[Full, detailed report below]
https://redcloudfs.com/karora-resources-inc-tsxkrr-q1-22-eps-misses-a-blip-in-karoras-growth-story/