BMO Capital Markets Raises Skeena Resources (TSE:SKE) Price Target to C$50.00

Skeena Resources (TSE:SKE) had its price objective boosted by BMO Capital Markets from C$45.00 to C$50.00 in a research note issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 16.14% from the company’s current price.

A number of other brokerages have also recently issued reports on SKE. TD Securities lifted their target price on shares of Skeena Resources from C$35.00 to C$49.00 in a research report on Thursday, January 22nd. Canaccord Genuity Group increased their price target on shares of Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday. Canadian Imperial Bank of Commerce raised their price objective on shares of Skeena Resources from C$44.00 to C$58.00 in a research note on Wednesday, February 4th. Royal Bank Of Canada lifted their price objective on Skeena Resources from C$34.00 to C$53.00 in a research report on Wednesday, December 10th. Finally, Scotiabank increased their target price on Skeena Resources from C$25.00 to C$44.00 in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Skeena Resources presently has an average rating of “Buy” and a consensus target price of C$47.43.

Skeena Resources Price Performance

Shares of TSE:SKE opened at C$43.05 on Wednesday. The firm has a market capitalization of C$5.24 billion, a price-to-earnings ratio of -27.08 and a beta of 2.35. The company has a debt-to-equity ratio of 39.64, a current ratio of 1.82 and a quick ratio of 1.55. The business’s 50 day simple moving average is C$43.70 and its 200-day simple moving average is C$33.94. Skeena Resources has a 12 month low of C$12.15 and a 12 month high of C$53.00.

Skeena Resources (TSE:SKE) last announced its quarterly earnings results on Tuesday, March 24th. The company reported C($0.61) earnings per share for the quarter. As a group, equities analysts forecast that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

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.