Skeena Resources (TSE:SKE) Price Target Raised to C$17.00

Skeena Resources (TSE:SKE) had its price target boosted by Royal Bank of Canada from C$15.00 to C$17.00 in a research report report published on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets boosted their target price on Skeena Resources from C$18.00 to C$20.00 and gave the company an outperform rating in a research note on Thursday, June 27th. Desjardins lifted their price target on Skeena Resources from C$19.75 to C$20.00 and gave the company a buy rating in a research report on Wednesday, June 26th. Canaccord Genuity Group lifted their price target on Skeena Resources from C$17.00 to C$17.25 in a research report on Tuesday, July 23rd. Finally, Scotiabank lifted their price target on Skeena Resources from C$12.00 to C$13.50 in a research report on Monday, August 19th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and an average price target of C$16.96.

Skeena Resources Price Performance

Shares of Skeena Resources stock opened at C$11.79 on Tuesday. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55. The business’s 50 day simple moving average is C$9.53 and its two-hundred day simple moving average is C$7.41. The stock has a market capitalization of C$1.26 billion, a P/E ratio of -7.71 and a beta of 1.65. Skeena Resources has a one year low of C$4.20 and a one year high of C$11.84.

Skeena Resources (TSE:SKE) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($0.38) EPS for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.30). Analysts forecast that Skeena Resources will post -0.4862973 EPS for the current year.

Insider Activity at Skeena Resources

In other Skeena Resources news, Senior Officer Justin Reed Himmelright sold 8,000 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of C$8.52, for a total value of C$68,136.00. Insiders have sold 17,426 shares of company stock valued at $168,173 over the last ninety days. Insiders own 1.51% of the company’s stock.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.