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

Skeena Resources Limited (TSE:SKE)’s stock price hit a new 52-week high during trading on Monday after Scotiabank raised their price target on the stock from C$25.00 to C$44.00. The stock traded as high as C$46.25 and last traded at C$45.61, with a volume of 493524 shares traded. The stock had previously closed at C$43.00.

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

Skeena Resources Trading Up 3.1%

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 firm has a market capitalization of C$5.50 billion, a price-to-earnings ratio of -46.33 and a beta of 2.11. The business’s 50 day moving average price is C$33.51 and its 200-day moving average price is 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.