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

Skeena Resources Limited (TSE:SKEGet Free Report) has received a consensus recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$16.39.

A number of research analysts have recently commented on the company. Raymond James upped their price target on Skeena Resources from C$13.00 to C$14.00 in a research report on Tuesday, April 23rd. Canaccord Genuity Group upped their price objective on shares of Skeena Resources from C$14.75 to C$17.00 in a report on Tuesday, April 23rd.

Check Out Our Latest Stock Analysis on SKE

Insider Activity at Skeena Resources

In other Skeena Resources news, Senior Officer Randy Reichert sold 53,100 shares of the firm’s stock in a transaction dated 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 currently owned by corporate insiders.

Skeena Resources Stock Up 5.1 %

SKE opened at C$6.22 on Tuesday. Skeena Resources has a twelve month low of C$4.20 and a twelve month high of C$7.31. The company’s 50-day moving average price is C$6.44 and its two-hundred day moving average price is C$6.03. The stock has a market cap of C$564.84 million, a price-to-earnings ratio of -4.82 and a beta of 1.68. The company has a quick ratio of 1.55, a current ratio of 3.86 and a debt-to-equity ratio of 26.00.

Skeena Resources (TSE:SKEGet Free Report) last posted its quarterly earnings data 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 expect that Skeena Resources will post -0.4862973 earnings per share for the current year.

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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