Skeena Resources Limited (TSE:SKE) Receives C$16.96 Consensus PT from Brokerages

Skeena Resources Limited (TSE:SKE) has received an average rating of “Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to 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.

SKE has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective 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. Scotiabank increased their price objective on Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. Desjardins raised Skeena Resources to a “moderate buy” rating in a report on Thursday, October 31st. Finally, Canaccord Genuity Group increased their price objective 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 Andrew Macritchie sold 5,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total transaction of C$52,500.00. In related news, Senior Officer Justin Reed Himmelright sold 7,500 shares of the firm’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 firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$10.50, for a total value of C$52,500.00. In the last three months, insiders have sold 37,407 shares of company stock worth $430,724. 1.51% of the stock is currently owned by insiders.

Skeena Resources Stock Up 3.6 %

Shares of TSE SKE opened at C$13.09 on Friday. Skeena Resources has a one year low of C$4.47 and a one year high of C$14.28. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55. The business’s fifty day moving average price is C$12.03 and its 200-day moving average price is C$9.13. The stock has a market capitalization of C$1.40 billion, a PE ratio of -8.31 and a beta of 1.65.

Skeena Resources (TSE:SKE) last issued its quarterly earnings results 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). On average, equities research analysts anticipate that Skeena Resources will post -0.4862973 EPS for the current 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.