King River Resources Ltd T.KRR.W

Primary Symbol: KRCLF

Metals & Mining Industrial Metals & Minerals

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.

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King River Resources Ltd

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Post by daw2on Mar 25, 2023 9:04am

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Post# 35360118

Consensus EPS estimates fall by 44%

SimplyWallSt.:

The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated.

2023 revenue forecast decreased from CA$431.4m to CA$399.1m.
EPS estimate also fell from CA$0.493 per share to CA$0.275 per share.
Net income forecast to grow 1,081% next year vs 6.9% growth forecast for Metals and Mining industry in Canada.
Consensus price target down from CA$6.53 to CA$6.36.
Share price fell 6.3% to CA$4.50 over the past week.