Scotiabank Increases Skeena Resources (TSE:SKE) Price Target to C$44.00

Skeena Resources (TSE:SKE) had its target price boosted by Scotiabank from C$25.00 to C$44.00 in a research report issued on Monday,BayStreet.CA reports. Scotiabank’s price target indicates a potential downside of 3.08% from the company’s previous close.

Several other analysts have also commented on SKE. CIBC raised their target price on Skeena Resources from C$40.00 to C$44.00 in a report on Tuesday, January 13th. Royal Bank Of Canada raised their price objective on shares of Skeena Resources from C$34.00 to C$53.00 in a research note on Wednesday, December 10th. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research note on Wednesday, October 8th. Finally, TD Securities raised their target price on Skeena Resources from C$35.00 to C$49.00 in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$43.20.

Skeena Resources Stock Performance

SKE opened at C$45.40 on Monday. Skeena Resources has a 12-month low of C$12.15 and a 12-month high of C$46.25. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. The firm has a market capitalization of C$5.50 billion, a PE ratio of -46.33 and a beta of 2.11. The firm has a 50 day moving average of C$33.51 and a two-hundred day moving average of C$26.93.

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.