Skeena Resources (TSE:SKE) Hits New 1-Year High at $9.09

Shares of Skeena Resources Limited (TSE:SKE) reached a new 52-week high on Wednesday . The company traded as high as C$9.09 and last traded at C$9.01, with a volume of 333377 shares traded. The stock had previously closed at C$8.59.

Analyst Upgrades and Downgrades

SKE has been the topic of a number of research analyst reports. Canaccord Genuity Group upped their target price on Skeena Resources from C$14.75 to C$17.00 in a report on Tuesday, April 23rd. Raymond James upped their target price on Skeena Resources from C$13.00 to C$14.00 in a report on Tuesday, April 23rd. Desjardins upped their price target on Skeena Resources from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Scotiabank cut their price target 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, June 26th. Finally, BMO Capital Markets upped their price target on Skeena Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$16.67.

Skeena Resources Price Performance

The company has a current ratio of 3.86, a quick ratio of 1.55 and a debt-to-equity ratio of 26.00. The company has a market cap of C$820.01 million, a PE ratio of -7.01 and a beta of 1.68. The firm has a 50 day moving average of C$6.64 and a two-hundred day moving average of C$6.17.

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

Insider Activity

In other news, Senior Officer Randy Reichert sold 53,100 shares of the 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.

About Skeena Resources

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.