Skeena Resources Limited (TSE:SKE) Receives Average Recommendation of “Buy” from Brokerages

Skeena Resources Limited (TSE:SKE) has earned a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$16.96.

A number of analysts have recently issued reports on SKE shares. Scotiabank boosted their target price on Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. 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 report on Wednesday, June 26th. 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 report on Thursday, June 27th. Royal Bank of Canada upped their price target on Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Canaccord Genuity Group upped their price target on Skeena Resources from C$17.00 to C$17.25 in a report on Tuesday, July 23rd.

Insider Activity

In other news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total transaction of C$82,395.00. In related news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$10.99, for a total transaction of C$82,395.00. Also, Senior Officer Andrew Macritchie sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$10.50, for a total value of C$52,500.00. In the last three months, insiders sold 22,426 shares of company stock worth $220,673. 1.51% of the stock is currently owned by insiders.

Skeena Resources Trading Down 1.6 %

Shares of SKE stock opened at C$11.76 on Thursday. The firm has a 50-day moving average price of C$9.67 and a 200 day moving average price of C$7.53. Skeena Resources has a twelve month low of C$4.20 and a twelve month high of C$12.08. The company has a market capitalization of C$1.25 billion, a price-to-earnings ratio of -7.79 and a beta of 1.65. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 10.23.

Skeena Resources (TSE:SKE) last posted its quarterly earnings data on Thursday, August 8th. The company reported C($0.38) EPS for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.30). Research analysts forecast that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

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.