Skeena Resources (TSE:SKE) Price Target Raised to C$40.00 at CIBC

Skeena Resources (TSE:SKE) had its price objective raised by stock analysts at CIBC from C$36.00 to C$40.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 22.17% from the company’s previous close.

Several other equities analysts have also commented on the company. Royal Bank Of Canada raised their price target on Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. TD Securities raised their target price on shares of Skeena Resources from C$28.00 to C$35.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. Finally, Raymond James Financial lifted their price objective on shares of Skeena Resources from C$21.00 to C$26.00 in a report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Skeena Resources presently has an average rating of “Buy” and a consensus price target of C$33.60.

Skeena Resources Trading Down 3.4%

Shares of TSE SKE traded down C$1.15 during trading hours on Tuesday, reaching C$32.74. The stock had a trading volume of 236,140 shares, compared to its average volume of 344,694. The business’s fifty day moving average price is C$26.37 and its two-hundred day moving average price is C$23.56. The firm has a market cap of C$3.96 billion, a price-to-earnings ratio of -33.41 and a beta of 1.98. Skeena Resources has a 52-week low of C$12.15 and a 52-week high of C$35.73. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27.

Skeena Resources Company Profile

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.