Skeena Resources (TSE:SKE) Reaches New 12-Month High Following Analyst Upgrade

Skeena Resources Limited (TSE:SKE) hit a new 52-week high during trading on Thursday after Royal Bank Of Canada raised their price target on the stock from C$34.00 to C$53.00. The stock traded as high as C$33.75 and last traded at C$33.23, with a volume of 716611 shares trading hands. The stock had previously closed at C$33.09.

SKE has been the subject of a number of other reports. CIBC boosted their target price on shares of Skeena Resources from C$26.00 to C$36.00 in a research report on Thursday, September 25th. Raymond James Financial boosted their price objective on Skeena Resources from C$21.00 to C$26.00 in a report on Thursday, August 21st. TD Securities upped their target price on Skeena Resources from C$28.00 to C$35.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$32.80.

Skeena Resources Stock Up 0.4%

The company has a debt-to-equity ratio of 19.27, a current ratio of 1.87 and a quick ratio of 1.55. The business’s 50 day moving average price is C$25.81 and its 200 day moving average price is C$23.16. The firm has a market cap of C$4.02 billion, a PE ratio of -33.91 and a beta of 1.98.

Skeena Resources Company Profile

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.