Skeena Resources (TSE:SKE) PT Raised to C$20.00 at Desjardins

Skeena Resources (TSE:SKE) had its price objective lifted by Desjardins from C$19.75 to C$20.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 245.42% from the stock’s previous close.

SKE has been the topic of several other reports. Scotiabank lowered their target price on Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Wednesday. Raymond James lifted their target price on Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Finally, Canaccord Genuity Group lifted their target price on Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday, April 23rd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$16.33.

Skeena Resources Trading Down 1.0 %

Shares of Skeena Resources stock traded down C$0.06 during trading hours on Wednesday, hitting C$5.79. The company’s stock had a trading volume of 250,677 shares, compared to its average volume of 309,426. Skeena Resources has a twelve month low of C$4.20 and a twelve month high of C$7.31. The firm has a fifty day moving average of C$6.41 and a 200-day moving average of C$6.06. The stock has a market cap of C$525.79 million, a price-to-earnings ratio of -4.48 and a beta of 1.68. The company has a debt-to-equity ratio of 26.00, a quick ratio of 1.55 and a current ratio of 3.86.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Friday, May 10th. The company reported C($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24). Research analysts forecast that Skeena Resources will post -0.4862973 EPS for the current year.

Insider Activity

In related news, Senior Officer Randy Reichert sold 53,100 shares of Skeena Resources stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total transaction 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 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.