Skeena Resources (TSE:SKE) PT Raised to C$14.00 at Raymond James

Skeena Resources (TSE:SKE) had its target price raised by equities researchers at Raymond James from C$13.00 to C$14.00 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ price target points to a potential upside of 121.17% from the stock’s current price.

Separately, Desjardins boosted their price objective on shares of Skeena Resources from C$18.25 to C$19.75 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$16.39.

Skeena Resources Stock Performance

SKE opened at C$6.33 on Tuesday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.35 and a quick ratio of 1.55. The company has a market capitalization of C$571.09 million, a price-to-earnings ratio of -5.65 and a beta of 1.67. The business’s 50-day moving average price is C$5.85 and its two-hundred day moving average price is C$5.78. Skeena Resources has a 1 year low of C$4.20 and a 1 year high of C$10.38.

Skeena Resources (TSE:SKE) last announced its earnings results on Monday, April 1st. The company reported C($0.37) earnings per share (EPS) for the quarter. Equities analysts expect that Skeena Resources will post -0.4862973 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Randy Reichert sold 53,100 shares of the 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. Insiders own 1.79% of the company’s stock.

Skeena Resources Company Profile

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.