Brokerages Set Skeena Resources Limited (TSE:SKE) Price Target at C$16.67

Shares of Skeena Resources Limited (TSE:SKE) have been assigned an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$16.67.

Several analysts have recently commented on the company. BMO Capital Markets increased their price objective on Skeena Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Scotiabank lowered their price target on Skeena Resources from C$14.00 to C$12.00 and set an “outperform” rating for the company in a report on Wednesday, June 26th. 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. Canaccord Genuity Group increased their price objective on shares of Skeena Resources from C$14.75 to C$17.00 in a research report on Tuesday, April 23rd. Finally, Desjardins boosted their target price on shares of Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th.

Insider Buying and Selling

In other news, Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of C$6.30, for a total value of C$334,476.90. Corporate insiders own 1.79% of the company’s stock.

Skeena Resources Price Performance

SKE opened at C$7.81 on Friday. The firm has a market capitalization of C$709.23 million, a PE ratio of -6.05 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. The business’s 50-day moving average is C$6.50 and its two-hundred day moving average is C$6.12. Skeena Resources has a 1 year low of C$4.20 and a 1 year high of C$7.91.

Skeena Resources (TSE:SKE) last issued its quarterly earnings data 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 anticipate that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

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.