Skeena Resources (TSE:SKE) Stock Price Expected to Rise, CIBC Analyst Says

Skeena Resources (TSE:SKE) had its price objective hoisted by equities researchers at CIBC from C$36.00 to C$40.00 in a note issued to investors on Tuesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 21.69% from the company’s previous close.

Several other equities analysts have also weighed in on SKE. Raymond James Financial lifted their target price on shares of Skeena Resources from C$21.00 to C$26.00 in a report on Thursday, August 21st. Royal Bank Of Canada raised their price target on shares of Skeena Resources from C$34.00 to C$53.00 in a research report on Wednesday, December 10th. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. Finally, TD Securities raised their target price on Skeena Resources from C$28.00 to C$35.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Skeena Resources currently has a consensus rating of “Buy” and a consensus target price of C$33.60.

Skeena Resources Stock Up 0.6%

Skeena Resources stock opened at C$32.87 on Tuesday. The business’s 50-day moving average price is C$26.67 and its 200 day moving average price is C$23.73. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 19.27. The firm has a market cap of C$3.98 billion, a price-to-earnings ratio of -33.54 and a beta of 1.98. Skeena Resources has a 52 week low of C$12.15 and a 52 week high of C$35.73.

About Skeena Resources

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.