Analysts Set Skeena Resources Limited (TSE:SKE) Price Target at C$16.39

Shares of Skeena Resources Limited (TSE:SKEGet Free Report) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$16.39.

Several brokerages have recently commented on SKE. Canaccord Genuity Group boosted their price target on Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday, April 23rd. Raymond James boosted their price target on Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd.

View Our Latest Report on Skeena Resources

Skeena Resources Price Performance

Shares of TSE:SKE opened at C$6.58 on Tuesday. The business’s 50 day simple moving average is C$6.45 and its 200-day simple moving average is C$6.02. The firm has a market capitalization of C$597.53 million, a price-to-earnings ratio of -5.10 and a beta of 1.68. The company has a debt-to-equity ratio of 26.00, a current ratio of 3.86 and a quick ratio of 1.55. Skeena Resources has a 12 month low of C$4.20 and a 12 month high of C$7.31.

Skeena Resources (TSE:SKEGet Free Report) last announced its quarterly earnings results on Friday, May 10th. The company reported C($0.30) EPS for the quarter, missing the consensus estimate of C($0.06) by C($0.24). As a group, equities analysts forecast that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Insider Activity at Skeena Resources

In related news, Senior Officer Randy Reichert sold 53,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total value of C$334,476.90. 1.79% of the stock is owned by corporate insiders.

About Skeena Resources

(Get Free Report

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.

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Analyst Recommendations for Skeena Resources (TSE:SKE)

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