Skeena Resources (TSE:SKE) Price Target Increased to C$17.25 by Analysts at Canaccord Genuity Group

Skeena Resources (TSE:SKE) had its target price raised by Canaccord Genuity Group from C$17.00 to C$17.25 in a report published on Tuesday morning, BayStreet.CA reports.

SKE has been the subject of several other reports. Raymond James raised their price target on Skeena Resources from C$13.00 to C$14.00 in a report on Tuesday, April 23rd. BMO Capital Markets boosted their target price on shares of Skeena Resources from C$18.00 to C$20.00 and gave the stock an outperform rating in a research report on Thursday, June 27th. Desjardins increased their price target on shares of Skeena Resources from C$19.75 to C$20.00 and gave the company a buy rating in a report on Wednesday, June 26th. Finally, Scotiabank decreased their price objective on shares of Skeena Resources from C$14.00 to C$12.00 and set an outperform rating on the stock in a report on Wednesday, June 26th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$16.71.

Skeena Resources Stock Up 3.0 %

Shares of Skeena Resources stock opened at C$8.68 on Tuesday. Skeena Resources has a one year low of C$4.20 and a one year high of C$9.69. The company has a market cap of C$788.23 million, a P/E ratio of -6.73 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. The firm has a fifty day moving average of C$7.21 and a two-hundred day moving average of C$6.41.

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 the consensus estimate of C($0.06) by C($0.24). On average, analysts forecast that Skeena Resources will post -0.4862973 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer Justin Reed Himmelright sold 8,000 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$8.52, for a total value of C$68,136.00. 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.