Skeena Resources (TSE:SKE) Price Target Raised to C$58.00

Skeena Resources (TSE:SKE) had its price objective hoisted by Canadian Imperial Bank of Commerce from C$44.00 to C$58.00 in a research report released on Wednesday,BayStreet.CA reports.

Several other equities research analysts also recently commented on the company. Royal Bank Of Canada increased their price objective on Skeena Resources from C$34.00 to C$53.00 in a report on Wednesday, December 10th. Scotiabank raised their price objective on shares of Skeena Resources from C$25.00 to C$44.00 in a research report on Monday, January 26th. TD Securities increased their price objective on Skeena Resources from C$35.00 to C$49.00 in a research report on Thursday, January 22nd. Finally, Desjardins raised shares of Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Skeena Resources presently has a consensus rating of “Buy” and an average target price of C$46.00.

Skeena Resources Stock Up 7.3%

Shares of SKE stock opened at C$42.94 on Wednesday. The firm has a market capitalization of C$5.20 billion, a P/E ratio of -43.82 and a beta of 2.29. The firm’s fifty day moving average price is C$35.99 and its two-hundred day moving average price is C$27.97. 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 has a 1 year low of C$12.15 and a 1 year high of C$48.04.

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.