Skeena Resources (TSE:SKE) Price Target Raised to C$44.00

Skeena Resources (TSE:SKE) had its target price increased by CIBC from C$40.00 to C$44.00 in a report released on Tuesday morning,BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada upped their price objective on Skeena Resources from C$34.00 to C$53.00 in a report on Wednesday, December 10th. TD Securities boosted their target price on Skeena Resources from C$28.00 to C$35.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Desjardins raised Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$39.50.

Skeena Resources Stock Performance

Shares of Skeena Resources stock opened at C$37.19 on Tuesday. The firm has a fifty day moving average of C$30.83 and a two-hundred day moving average of C$25.75. The stock has a market capitalization of C$4.50 billion, a price-to-earnings ratio of -37.95 and a beta of 2.11. Skeena Resources has a 52 week low of C$12.15 and a 52 week high of C$38.10. The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87.

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.